PARIS: France and Germany said Thursday plan to make a joint proposal on regulating bitcoin at a meeting of finance ministers from the G20 countries in March.
“We have the same concerns and we share the goal of regulating bitcoin,” French Finance Minister Bruno Le Maire said at a joint press conference with his German counterpart Peter Altmaier.
Le Maire has tasked a former deputy governor of the Bank of France to come up with proposals.
“These proposals on regulation will be submitted as joint French-German position to our G20 counterparts” at their mid-March meeting in Buenos Aires.
The Group of 20 club of nations, which was born during the 2008 financial crisis, has focused on the global economy.
For his part, Altmaier said “we have a responsibility to our citizens to explain the risks and reduce the risks by regulations which are needed.”
Their promise to develop regulations came a day after a sharp drop in the value of bitcoin, which fell through the $10,000 level for the first time since November after authorities in China and South Korea cracked down on cryptocurrencies.
France and Germany to propose bitcoin regulations
France and Germany to propose bitcoin regulations
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DP World announces new leadership appointments
DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.
Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.
Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.
Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.
DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.
