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Davos: ECB's Benoît Cœuré Looks To G20 For Cryptocurrency Regulations

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The French economist & European Central Bank board member, at the World Economic Forum in Davos, believes that the appropriate time to discuss cryptocurrency regulation is in March at the G20 summit. In Davos, a great deal of focus concerning world economics has been pointed at blockchain, and more specifically, cryptocurrencies. Speaking to an audience at a panel January 26, 2018, European Central Bank (ECB) board member Benoît Cœuré forecast that the subject of cryptocurrencies will be among regulatory goals addressed at the upcoming G20 summit in March. "The international community is ... preparing an answer to that, and I would expect … the G20 discussion in Buenos Aires in March to focus very much on these issues," said Cœuré. Earlier this week the ECB had sought answers about cryptocurrency and blockchain technology from age groups 16-35, public comments which bank president Mario Draghi is slated to address in a video session this February 12. It is likely that the impressions gathered from the meetings in Davos, as well as those attributable to public sentiment, will guide world leaders in endeavors to create regulatory guidelines that provide protection – while simultaneously tapping the unreached potential of cryptocurrencies and blockchain technology.