G20 classifies cryptocurrencies as an asset - Bloomberg The draft document from the G20 summit, which came to the disposal of Bloomberg, says that cryptocurrencies are devoid of "characteristics of sovereign currencies", from which we can conclude that the political elites gathered these days in Buenos Aires are ready to classify them as a digital asset, but not as a currency.

G20 classifies cryptocurrencies as an asset - Bloomberg

In a draft version of the document from the G20 summit, which came to the disposal of Bloomberg, it is said that cryptocurrencies are devoid of "characteristics of sovereign currencies", from which it can be concluded that the political elites gathered these days in Buenos Aires are ready to classify them as a digital asset, but not as currency.

The issue of cryptocurrency classification will be discussed at the summit this afternoon, Bloomberg reports..

Claes Noth, Chairman of the Vulnerability Assessment Committee of the Financial Stability Board, a supranational regulator formed by the G20 in 2009, and Governor of the Bank of the Netherlands, told Bloomberg: “Call them crypto-assets, crypto-tokens, but not crypto-currencies ... I don't think that at least one of them plays the three roles that money plays in the economy. ".

Recall that yesterday, against the background of the message of the Chairman of the SPS Mark Kearney that regulators do not intend to develop new laws to restrict cryptocurrencies, the bitcoin rate rose by $ 1,000.

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