The G20 countries agreed to closely monitor the digital currency but took no action.

G20 countries' financial policy makers agreed on Tuesday to closely monitor the digital currency, opening the door to further regulation of the rapidly growing industry.
For more than a year, recently the price of the virtual currency such as COINS a rollercoaster ride swings, at the same time regulators worry that the digital currency can be used for money laundering, tax evasion, funding terrorism, or small investors are only used for fraud. All this has prompted calls for concerted action by global regulators on virtual currencies.
In Argentina Buenos Aires at the G20 summit, the G20 finance ministers and central bank governor asked regulators to monitor these "digital assets", but did not mention a specific action, confirmed the Reuters news agency reported on Monday.
"We call on the international standard development agency (SSBs) to continue to monitor digital assets and their risks and to assess multilateral responses as necessary." G20 officials said in the communique.
They also welcomed a new standard proposed by the financial action task force (FATF) programme. The financial action task force, which includes 37 members of the state, is committed to combating financial crime.
One reason for the G20's inaction is that they believe the currency is too small to endanger financial markets. Mark Carney, chairman of the Financial Stability Board, told the G20 that even at its peak, the digital money market was less than 1 per cent of the global economy.
Tours, but Argentina's central bank governor, Federico shi singh (Federico Sturzenegger) said that there have been at the summit for the G20 countries in July of the next party put forward specific proposals, such as data collection problem for digital currency industry and so on.
But before any concrete action is taken, policymakers must overcome their differences.
France has proposed specific measures, such as a ban on deposits and loans in these currencies, and a ban on promoting virtual currency investments to the public.
Bruno Le Maire, the French finance minister, said that three-quarters of the participants in the summit supported action on digital currencies.
"We have to find a solution and make fair and effective regulation at the multilateral level and on the g20." "Said lemaire.
Ignazio Visco, Italy's central bank governor, expects the g20 to eventually require the international securities commission (IOSCO), the international market regulator, to propose digital currency regulations.
But other countries worry that regulating virtual currencies will give them a degree of legitimacy.