Ministers from 20 of the world’s largest economies have been optimistic about the impact of cryptocurrencies on the global economy.
The G20 report
A meeting was held in Argentina on July 21st and 22nd. This resulted in a report stating that:
Technological innovations, including crypto assets, can bring significant benefits to the financial system and the global economy.
The G20, therefore, seems to be favouring cryptocurrencies and reaffirms its willingness to evaluate their long-term impact.
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No major risk for the economy
G20 members took the opportunity to reaffirm their position. Cryptocurrencies would not be a major risk for the traditional economy, as such, they remain vigilant and will continue to study their impact without being in opposition to their development.
Although crypto assets do not currently pose a risk to global financial stability, we remain vigilan.