Coeure Urges G-20 to Discuss Regulating Bitcoin at March Meeting
- ECB Executive Board member comments on panel in Davos
- Says cryptocurrencies could force upgrades of payment systems
ECB's Coeure Says Currency Volatility Is Not Helpful
This article is for subscribers only.
European Central Bank Executive Board member Benoit Coeure urged Group of 20 nations to discuss ways to regulate Bitcoin at their upcoming meeting, adding that digital currencies could also be a force for good by pushing countries to upgrade their payment systems.
“Let’s act on the risks and that’s about regulation,” Coeure said on a Bloomberg-hosted panel at the World Economic Forum’s annual meeting in Davos. “The international community is kind of shaping, gathering and preparing an answer to that and I will expect for instance a G-20 discussion in Buenos Aires in March to focus very much on these issues with a regulatory answer.”