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RE: All Eyes 👁️ On G20 Discussing Crypto TODAY!

in #cryptocurrency7 years ago

Central Bankers and Finance Ministers will surely discuss how to address the risks and opportunities that these assets bring to economies. Blockchain will most likely be of particular interest as it may add to the tools these government institutions have to become more efficient in a more globalized society which needs faster settlements and increased transparency in the financial markets. However, given the decentralized nature of the bigger assets in the market, some may see them as threats to the bigger players of an established traditional financial systems (i.e. Banks). The major banks themselves such as Bank of America and JP Morgan have been the latest to recognize the risk the movement may pose to the traditional system. Given a world where over 2 billion people remain unbanked, the technology and the cryptocurrencies associated with it are highly likely to remain in the priorities of said organizations.