G20 Summit Leaders encourage the Implementation of Cryptocurrency Regulatory Standards

The group of 20 (or G20) is a global forum for the governments and central bank governors from -The European union, United States, Australia, The United Kingdom, Argentina, Brazil, Canada, China, France, Germany, India, Japan, Mexico, The Republic of Korea, The Russian Federation, Saudi Arabia, South Africa, Turkey; plus Spain as a permanent guest member.

Buenos Aires will host the G20 financial summit in November of this year with financial leaders from the top 20 largest economies in the world announcing a July deadline for the implementation of new regulatory standards.
The Cryptocurrency market experienced a strong positive revive after a speech from G20 Chairman and Governor for the Bank of England Mark Carney.

You can read his full speech at https://www.bankofengland.co.uk/-/media/boe/files/speech/2018/the-future-of-money-speech-by-mark-carney.pdf?la=en&hash=A51E1C8E90BDD3D071A8D6B4F8C1566E7AC91418

Whilst no administrative responses have been made the inclusive response on the issue of Cryptocurrency regulation from the vast members of the G20 financial summit have been positive.

On March 19, 2018, The National People’s Congress of China confirmed that economist Yi Gang would be the next governor of People’s Bank of China (PBoC). Mr. Yi Gang, who obtained his Ph.D. in Economics from the University of Illinois, is due to replace the current governor Zhou Xiaochuan as the head of China’s central bank with positive comments about Cryptocurrency, labelling it “inspiring” or “enlightening.”

For more on The Peoples bank of china and Yi Gang’s comment please visit https://web.archive.org/web/20131129155237/https:/finance.21cn.com/news/cjyw/a/2013/1122/12/25144445.shtml

French Financial Minister, Brune Le Maier also appears to have adopted the potential impact of the block chain revolution wholeheartedly, stating
“We will not miss the block chain revolution! … France wants to be force of proposal to build the world of tomorrow” he added “We agree that crypto-assets can be very interesting for everyone. And we – obviously – are in favour of block chain technology, which can provide very good support to financial assets in Europe or anywhere in the world. We are in favour of these technologies, but we want these technologies to be secure and therefore we need to define very clear measures for their regulation.”

The full article can be found at https://cryptoslate.com/bruno-le-maire-france-one-step-ahead-blockchain-revolution/