G20 Set to Determine if Cryptocurrencies Should be Defined as Assets

Cryptocurrencies, or at least defining the term, seem to be a hot topic at the current G20 summit. In fact, it seems that the group is pushing to define them as assets and not currencies at all. According to Bloomberg, this will be discussed on Tuesday. However, a draft statement shows that the group believes that cryptocurrencies β€œlack the traits of sovereign currencies”, and therefore should not be referred to as such. Klaas Knot, who Read More The post G20 Set to Determine if Cryptocurrencies Should be Defined as Assets appeared first on Bitcoinist.com.



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