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| April 21, 2018

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Two Killed as Van Rams Into Crowd in Germany

April 9, 2018 |

At least two people were killed and six were seriously injured after a man drove a van into a group of people in the center of the western German city of Münster, police said. The suspected driver is dead.
WSJ.com: What’s News Europe

3 Killed, 20 Hurt When Vehicle Rams Crowd in Germany

April 7, 2018 |

A German police spokesperson says three people were killed and 20 injured when a van crashed into a crowd in front of a popular bar in downtown Muenster, the AP reports. Andreas Bode told reporters the driver of the van shot himself dead inside the car after the crash Saturday…
Newser

Germany Struggles With an Unfamiliar Form of Anti-Semitism

April 1, 2018 |

The stubborn persistence of anti-Semitic acts in the country where the Holocaust was plotted is raising concern that decades of work to eradicate prejudice against Jews are slowly being undone as it crops up among migrants.
WSJ.com: What’s News Europe

Ousted Catalan President Busted in Germany

March 25, 2018 |

Carles Puigdemont, the former president of Catalonia, has been detained by German police after crossing the border from Denmark, reports the BBC . German police were acting on a European arrest warrant; Puigdemont is wanted in Spain on charges of sedition and rebellion that could see him imprisoned for 30 years….
Newser

Germany Has Doubts About Aggressive EU Response to Trump

March 8, 2018 |

A rift has appeared in Europe over how to respond to President Donald Trump’s proposed steel tariffs, with Germany alarmed that tough retaliation by European Union officials could escalate and ensnare the country’s car industry.
WSJ.com: What’s News Europe

Polish Official Says Germany Owes Poland $850B for WWII

March 2, 2018 |

A Polish official said Friday that Germany could owe his country $ 850 billion for the damage it inflicted during World War II, the AP reports. Arkadiusz Mularczyk is leading a team in the parliament that is assessing potential reparations to Poland. Germany killed 6 million Polish citizens and caused great…
Newser

Germany Says Government Network Was Breached

March 1, 2018 |

German authorities said on Wednesday they were investigating a security breach at the government’s highly protected computer network.
WSJ.com: What’s News Europe

France and Germany Urge Discussions on Crypto Policy at G20 Summit

February 11, 2018 |

High ranking officials from France and Germany have issued a letter urging the finance officials of other nations to discuss the regulatory implications of cryptocurrencies at the upcoming G20 Summit.

Also Read: India’s Tax Department Issues Notices to 100,000 Crypto Investors

Leaders Call for “Trans-Boundary” Action Against Cryptocurrencies

France and Germany Urge Discussions on Crypto Policy at G20 SummitThe letter is authored by the French Finance Minister Bruno Le Maire, Peter Altmaier of the German Ministry of Finance, French central bank governor Francois Villeroy de Galhau, and the president of the German Federal Bank, Jens Weidmann.

The document emphasizes the need for a transnational regulatory approach in order to enforce cryptocurrency policy, urging finance officials to discuss issues relating to cryptocurrency policy and enforcement at the upcoming G20 Summit. The letter also called for a report by the International Monetary Fund into the potential implications that virtual currencies may have for global financial stability.

The document states “We believe there may be new opportunities arising from the tokens and the technologies behind them. However, tokens could pose substantial risks for investors and can be vulnerable to financial crime without appropriate measures. In the longer run, potential risks in the field of financial stability may emerge as well,” adding that “Tokens and their potential for financial innovation should not be left to those who make the worst use of them.”

Officials Advocate Extension of Existing Financial Regulatory Apparatus

France and Germany Urge Discussions on Crypto Policy at G20 SummitThe letter advocates for existing financial regulatory apparatus be extended to apply to the cryptocurrency sphere, stating “Great efforts have been made in recent years to protect retail investors and consumers more generally, and there is no reason that appropriate frameworks should not be applicable in this sector.”

The document states that “France and Germany have already taken concrete regulatory measures regarding ‘virtual currencies’ in the field of anti-money laundering and counter-terrorism financing and the European Union is working in the same direction. However, an efficient pushback against the use of ‘tokens’ and ‘virtual currencies’ for the purpose of criminal activities will require a coordinated international effort.”

“We will have a joint Franco-German analysis of the risks linked to bitcoin, regulation proposals and these will be submitted as a joint proposal to our G20 counterparts at the G20 summit in Argentina in March,” Le Maire told reporters.

Mainstream Reporting Leaves Misinformed Investors At Risk

France and Germany Urge Discussions on Crypto Policy at G20 SummitThe letter expresses concerns regarding the widespread public lack of knowledge regarding virtual currencies, emphasizing issues relating to the presentation of cryptocurrencies in mainstream media.

The document claims that cryptocurrencies are “largely mislabeled as ‘currencies’ in the media and on the internet,” warning that “the build-up of individual exposures to such volatile tokens could have damaging consequences for misinformed investors who do not understand the risks they are exposing themselves to.”

What is your reaction to the French and German officials’ calls for transnational efforts to enforce cryptocurrency regulations? Share your thoughts in the comments section below!


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The post France and Germany Urge Discussions on Crypto Policy at G20 Summit appeared first on Bitcoin News.

Bitcoin News

Germany says another citizen held in Turkey is released

February 9, 2018 |

The German government says another German national held in Turkey on what Berlin considers political grounds has been released from custody.
FOX News

Germany Falling Short of Emissions Targets

January 26, 2018 |

Germany is missing its European climate targets and will have to pay for rights to emit green house gases due to polluting vehicles, farms and buildings, the government said, an embarrassing admission for Chancellor Angela Merkel who had once put energy transformation at the forefront of her policies.
WSJ.com: What’s News Europe