Financial authorities from the Financial Stability Board (FSB) and 11 international organization have met in New York in order to discuss global standards of cryptocurrency regulations.
These discussions serve as a prelude to G-20 summit to be held in Osaka, Japan in June during which Tokyo is expected to push for a harmonized global regulatory framework on cryptocurrencies. The G20 finance chiefs discussed risks associated with cryptocurrencies and issued a joint declaration when they met in Buenos Aires, Argentia, in December, 2018.
The board explained that they are working on two different areas, monitoring the financial stability implications and a directory of cryptocurrency asset regulators.
The FSB will publish its report to the G20 in June, it said.
The G-20 has also reaffirmed its support for the global money-laundering watchdog, the Financial Action Task Force (FATF), which will continue working towards fighting against money laundering and terrorist financing.
G20 finance chiefs likely to agree on registry for crypto exchanges, reports – Blockchain Asset Review
June 3, 2019 at 3:57 am[…] likely push for a set of unified principles under the aegis of G20, as BAR has written earlier (See here […]