What Is the Future of Cryptocurrency? (2021 and Beyond)
On September 7, a meeting of finance ministers of the 28 countries of the European Union is scheduled in Vienna, during which they will discuss cryptocurrencies, the implications of their impact on the eurozone and the regulatory measures needed to ensure economic stability.
Potentially, this meeting could have a huge impact on the cryptoindustry, as ministers will discuss not only development issues, but also the possibility of using virtual currency in the shadow sector to support terrorism and tax evasion. The topics of transparency and non-identification are also expected to be addressed..
Although many states are afraid of cryptocurrencies, considering them a hype imposed by speculators, Japan, Malta, and the British Virgin Islands have a different point of view. Also, almost all governments have recognized the effectiveness of blockchain technology and the huge potential for improving the financial system with its help..
Earlier, the Economic and Monetary Affairs Committee of the European Commission announced that cryptocurrency does not threaten the positions of central banks, so we hope that the discussion will take place in a positive direction..
While ministers prepare to discuss, financial information provider Yahoo Finance has decided to promote virtual currencies by trading in virtual currencies..
text: Ivan Malichenko, photo: Omar Marques / SOPA Images / LightRocket / Getty images / ShortList