The European Union warned that Bitcoin and other crypto moneys could regulate the crypto money if the threats of the rapid rise are not addressed.

While the sudden rise and fall of crypto money earned millions with some investors, some caused heavy losses. At the moment, Bitcoin, which is about 10 thousand Dollars, has recently fallen below 6 thousand Dollars. We have seen times when Bitcoin, who is experiencing an increase of about 2,000 per cent in 2017, is pushing for 20 thousand dollars.

"This is a global problem and it is important to be followed up on a global level," European Commission Vice President Valdis Dombrovskis said on Sunday. If we see that the threats to crypto money increase, but we see that it is not an international effort, we can go to edit crypto money. " Dombrovskis spoke after the roundtable meeting of the European Central Bank, industry associations and the Financial Stability Board, which wrote and coordinated the regulations for the G20.

Crypto money will be on the agenda of the G20 finance ministers and central bankers to meet in Buenos Aires in March. Critics of financial services have said that the European Union will arrive later in the year or at the beginning of 2019 on crypto money.

Regulation of crypto money can be viewed as financial arrangements designed to combat money laundering and terrorism, making it easier to use the Bitcoin or Ethereum systems by making identities of crypto-currency actors clear.

European Central Bank Board Member Yves Mersch announced that they would like to take a global measure for cryptographic money in a recent call, and agree with Agudín Carstens, President of the International Payments Bank, who defines Bitcoin as "a combination of balloon, ponzi scheme and environmental catastrophe" .

"Crypto money should be arranged like other financial instruments"

Germany and France said that with the announcements made this month, crypto-money could create new opportunities, but could also pose great threats to investors. However, the G20 countries have not reached consensus on the issue of cryptographic money regulation at this time.

Policy makers are worried about losing growth or losing business opportunities by aggressively interfering with industry opportunities created by block-chain technology, which contains crypto-money. Markus Ferber, center-right member of the European Parliament, points out the necessity of European Union regulation to wait for slow international rules. Ferber said in his statement that "Retail investors should arrange virtual money, just like other financial instruments, in order not to sacrifice market abuse and fraud."