At the upcoming G20 group summit in Argentina, this March, France and Germany intend to make a joint proposal regarding potential future regulations within the bitcoin and cryptocurrency markets. This comes hot on the heels of governmental talk in South Korea and China, where crackdowns on digital currency exchanges have been discussed at the top level of government.
\r\nBruno Le Maire, the French Finance Minister, has said that the plans are for a joint Franco-German analysis that will take a deeper look at any risks linked to digital currency, and from there put together regulation proposals. The idea is to submit these proposals at the G20 summit in March, which includes a group of the major world economies.
\r\nBitcoin has suffered a dramatic fall in valuation in the past few days, since speculation on tighter regulations, such as this proposal from France and Germany, came into play.
\r\nDifferent institutions and governments across the globe are certainly starting to take bitcoin and other digital currencies a bit more seriously in recent months, as the supposed \'bitcoin bubble\' has continued to grow to new, and ever higher levels of valuation. Whether this interest can deflate, or even burst the bubble, remains to be seen.
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