Central bankers and Finance Ministers “big twenty” to discuss digital currencies and safety March 19-20 in Buenos Aires.
Today, Monday 19 March 2018 in Buenos Aires began preparations for the G20 summit, which will take place from 30 November to 1 December.
Participate in the preparation of the Finance Ministers of 22 countries and also heads of the 17 Central Banks. On the agenda issues of the world economy: security of information, control and regulation of cryptocurrencies, the development of digital financial technology, and attract private investment in infrastructure.
All issues relating to digital currency and technology was brought up for discussion by the representatives of France and Germany.
Russian Federation this time is the head of the Bank of Russia Elvira Nabiullina and her first Deputy Ksenia Yudaeva. They were joined by Deputy Finance Minister Sergei Storchak.
Digital technology and security
As reported Storchak, it is planned to discuss issues on the development of digital fin. technology and cyber security. He also noted that such issues were first made in the agenda at the Ministerial level.
According to the Deputy Minister of Finance of the Russian Federation, most likely, all financial controllers will agree on the opinion that we should stick with current policies without making any significant innovations.
Will also raised the question of possible long-term risks to financial stability in connection with the active development of the cryptocurrency sector, reports the press service of the summit.
Also, the delegations should discuss the risks of innovation in financial sector and ways to reduce them.
Discussion on international financial and tax systems, financial regulation – these issues are also raised by the representatives of the “Big twenty”.
The highest priority of this agenda is the question from the host Argentine side – infrastructure financing, its development and impact on social and economic circles.
To open a discussion on this issue will be key for the development of infrastructure as a new attractive to the investors of the asset class. Activation of private investment in infrastructure around the world has a positive effect on its performance and create long-term and stable growth.