G20 Communique: ‘Cryptocurrencies lack the traits of sovereign currencies’ - BBG

Dhwani Mehta FXStreet

Bloomberg reports comments from a draft it obtained a draft G20 communique, which highlights key points on the cryptocurrencies.

The countries in attendance are seeing cryptocurrencies as an asset, not so much as a currency.

"Cryptocurrencies lack the traits of sovereign currencies".

France's Bruno Le Maire and Brazil's Ilan Goldfajn both noted that cryptocurrencies are "more an asset than a currency".

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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