G20: generals are preparing for the war that has passed but a billion dollars will overweigh the authority of every politician

1w
4m read
Summary

Now, no matter how many documents G20 adopts, Spain is unlikely to change its system of taxation of digital assets: a billion dollars will overweight any authority. Representatives of the G20 member countries published a document on the development of a unified system of legal regulation of the digital market. Cabinet generals are always preparing for the war that has passed - this story is repeated from time to time. We hope for the further progress in achieving sustainable non-banking financial intermediation,” - the official statement of G20 said. Read the best crypto news analysis here! bitnewstoday.com Bitcoin, investments, regulation and other cryptocurrencies Found a mistake?

Article Preview

Representatives of the G20 member countries published a document on the development of a unified system of legal regulation of the digital market. For the moment, the text resembles only an agreement of intent, but the very fact of discussing the issue of the institutionalization of virtual currencies at such a high political level suggests the transformation of the global economy. Politicians are strong in admitting obvious facts.

“We will continue to monitor and, if necessary, deal with emerging risks and vulnerabilities in the financial system; and, continuing cooperation in the field of regulation and supervision, to solve the problem of fragmentation. We hope for the further progress in achieving sustainable non-banking financial intermediation,” - the official statement of G20 said.

We wonder what high politicians call “fragmentation”. Is it scalability?...

Read the full article @ Bitnews Today