Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


G20 Don’t View Crypto as Threat to World Financial Stability

G20 Don't View Crypto as Threat to World Financial Stability

Support free writers: > send a tip

written by

The latest G20 summit, held on Sunday in Buenos Aires, came to the conclusion that cryptocurrency is not a threat to global financial stability.

Cryptocurrency is considered a drop in the bucket still, with the collective market capitalization of the entire sector worth less than 1% of the world GDP, even during December 2017’s peak.

The G20 is a summit attended by leaders of the top 20 economies, responsible for 85% of the world’s gross domestic product (GDP). This includes economies of Argentina, Australia, China, US, UK, South Africa, and the European Union, to name a few.

A report written up about the meeting stated that crypto wasn’t a concern, but could also “deliver significant benefits to the financial system and the broader economy”.

Some of the countries are aware of this, with those most invested in the blockchain sector for the next five years all being G20 members, according to an IDC report.

Despite realizing the potential cryptocurrency has for the world, the G20 did also acknowledge the problems the nascent technology still has.

At the top of their list was concerns such as consumer and investment protection, tax evasion, money laundering, and terrorist financing. The report concluded that while cryptocurrency doesn’t pose a threat, vigilance must be maintained as the sector continues to grow.

The G20 finished its talking point on cryptocurrency by welcoming updates from the Financial Stability Board (FSB) and SSB on risk monitoring of crypto-assets, as well as giving the Financial Action Task Force (FATF) a reminder about its previous intentions.

It made commitments to implement FATF protocol for handling crypto-assets back in March but has asked for clarification. The US, France, and Japan are all in support of a global policy to regulate this asset class due to crypto easily being set across the border, but more information is still needed.

Since cryptocurrencies share little similar characteristics with traditional fiat currency, the G20 has assigned the task force a deadline of October 2018 to clarify its stance on cryptocurrency.


Follow on Twitter at

Telegram Alerts from at

Image Courtesy: Pexels

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter