US Treasury Secretary Mnuchin called for the G20 summit to discuss the issue of cryptocurrency regulation

nBankruptcy comment: US Treasury Secretary Steven Mnuchin said it plans to discuss cryptocurrency regulation during the G20 summit in March. At a Senate Banking Committee meeting last Tuesday, the finance minister voiced fears that cryptocurrencies were being used for money laundering and other illegal activities, but said cryptocurrency would not pose a threat to the stability of financial markets. Not long ago, French finance minister Bruno Le Maire also called on the G20 summit to discuss the issue of cryptocurrency regulation.n
nTranslation: Clovern
US Treasury Secretary Steven Mnuchin said he plans to raise the issue of cryptocurrency regulation during the upcoming G-20 summit in Argentina in March.n
The NHK reported that Mnuchin said at a Senate Banking Committee meeting on Tuesday that he did not think cryptocurrencies could pose a threat to the stability of financial markets, although he worries that the cryptocurrencies will be used for money laundering and other illegal activities.n
If the talks are successfully held, it is clearly not the first time that such dialogues have been held at major major global summits. As early as 2015, this issue has already been discussed at a meeting of the Group of Seven, which is made up of the world’s largest economy.n
However, this time, Mnuchin is not the only finance minister to hold talks. In December last year, French finance minister Bruno Le Maire called for similar talks, coinciding with the proposal of the meeting. At the time, he listed market speculation as a top priority.n
Nonetheless, just weeks before Mnuchin proposed the plan, he said the U.S. financial regulator is setting up a digital currency working group to investigate the emerging market.n
n”We are very concerned about cryptocurrencies,” he said, adding that the job of the regulator is to make sure it is not misused or abused.n
nIn addition, the U.S. Treasury Department will hold a hearing on February 6 on the role of the virtual currency and the Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). SE President Jay Clayton and CFTC Chairman will attend to attend this “public meeting.”n

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