French finance minister calls for Bitcoin regulation debate at G20

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The Minister of Finance in France, Bruno Le Maire, said on Sunday that he will propose that the G20 group of major economies discuss regulation of Bitcoin and the cryptocurrency market next year.

Le Maire told French news channel LCI:

“I am going to propose to the next G20 president, Argentina, that at the G20 summit in April we have a discussion all together on the question of bitcoin; There is evidently a risk of speculation. We need to consider and examine this and see how (…) with all the other G20 members we can regulate bitcoin.”

The price of Bitcoin has risen almost 2000% since beginning of January, which triggered worries amongst financial analysts that the whole cryptocurrency market is a bubble and that it could burst in a spectacular fashion.

The proposal comes after on Friday, EU states and legislators agreed on stricter regulations in order to prevent money laundering and terrorism financing.

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