Cryptocurrencies Need Monitoring, Not Banning: Italy's Visco

By Kitco News / March 20, 2018 / www.kitco.com / Article Link

BUENOS AIRES (Reuters) - Financial policymakers gathering in Buenos Aires on Tuesday agreed cryptocurrencies posed some risks but should not be banned altogether, the head of Italy’s central bank said on Tuesday after the meeting.

“My understanding is that there was an acceptance of continuing to work also on the stability side with the idea that this doesn’t imply barring it,” Ignazio Visco told reporters on the sidelines of the G20 meeting.

He added the G20 had not asked international regulators to craft new rules for these crytpotokens but added he expected this to happen at a later stage.

Reporting By Francesco Canepa

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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