WTO member countries need to discuss crypto currency under e-commerce negotiations: GTRI
Monday, 30 October 2023
The Global Trade Research Initiative (GTRI) has suggested that issues related to cryptocurrency should be included in negotiations on e-commerce agreements by member countries of the World Trade Organisation (WTO). The classification of cryptocurrencies under the WTO e-commerce framework is currently ambiguous, and GTRI argues that the debate should focus on whether cryptocurrency exchanges fall under 'electronic transmissions' in e-commerce. The outcomes of the ongoing WTO negotiations will have significant implications for global digital trade.
The Global Trade Research Initiative (GTRI) has suggested that issues related to cryptocurrency should be included in negotiations on e-commerce agreements by member countries of the World Trade Organisation (WTO). The classification of cryptocurrencies under the WTO e-commerce framework is currently ambiguous, and GTRI argues that the debate should focus on whether cryptocurrency exchanges fall under 'electronic transmissions' in e-commerce. The outcomes of the ongoing WTO negotiations will have significant implications for global digital trade.
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