Cryptocurrencies not dangerous according to the G20 and Bitcoin grows up by 20% in a week
Fortune, in an article by David Meyer, analyzes the trend of Bitcoin in recent weeks. Yesterday the cryptocurrency reached 7,820 dollars: it is the best performance in the last two months. In seven days its value has increased by 20%.
Over the weekend, the G20 Finance ministers met in Argentina and digital coins were a topic of the summit. In the final communiqué, the representatives of the 20 largest economies of the world said cryptocurrencies do not “pose a global financial stability risk” at the moment.
Their goal is to extend the international regulation of traditional currencies to Bitcoin and digital currencies. Financial Action Task Force (FATF), an international organization for the fight against money laundering and terrorist financing, would verify the application of the standards.