Bitcoin, ether and other ripples can not be considered as full currencies. And because they will never become a universal means of payment. This conclusion was made by the finance ministers and heads of central banks of the G20 countries at the meeting in Buenos Aires. Issues related to crypto-currencies have captured the attention of the summit participants. "Taxes, financial regulation, anti-terror, future labor issues, all these topics were considered one way or another from the point of view of digitalization," Deputy Finance Minister Sergei Storchak told journalists..

In the final communique, the finance ministers and heads of central banks expressed an unambiguous position about the fate of virtual money. According to them, crypto assets do not carry the standard functions of currencies. They are not a reliable asset in terms of value preservation. Currently, bitcoin does not threaten global financial stability, but in the future this may happen. Therefore, you should closely monitor cryptology.

Now the main harm from crypto assets is in another. With their help, the rights of consumers and investors are violated, crypto-currencies are used for tax evasion and money laundering. Virtual money must be subordinated to international standards in the field of combating the legalization of criminal proceeds and the financing of terrorism, the document says.. In other words, law enforcement agencies should know where the crypto-currencies come from and what purposes are spent.

Russia in this issue is on the same side as most of the world's leading countries. According to the first deputy chairman of the Bank of Russia Ksenia Yudaeva, it is necessary to work out general international principles for the regulation of crypto-active assets. Almost all G20 participants agreed.

The first proposals on how the states will control the turnover of bitcoins and other crypto-currencies will be expressed already in July of this year. Such a promise at the final press conference was made by the head of the Ministry of Finance of Argentina Nicholas Duchovne.

Despite the fact that the finance ministers were extremely skeptical about the prospects of the bitcoins and promised to continue to take on the control of the crypto-currency market, the cost of virtual money on news from Buenos Aires went up. Apparently, this is due to the fact that investors were afraid of more harsh statements and proposals for a complete ban on crypto assets. But that did not happen.

According to the service of Coinmarketcap, the average cost of bitcoin on the world's major crypto-exchange sites increased by 6.24% over the day and exceeded the level of $ 9,000. As of 11:

00 Moscow time the most popular crypto currency is now worth $ 9.02 thousand. The total capitalization of the crypto-currency market increased by 4% and reached $ 341.6 billion.

However, in the very near future, there may be a decline. The market has overheated, so the collapse will inevitably happen. According to analyst of the company Market Securities Dubai Paul Dey, bitcoin is waiting for a drop of 76% compared with the level of late February. Thus, the price for it will drop to $ 2.8 thousand.