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State Heads at G20 Greet FATF Guidelines for Cryptocurrency Regulation

Published 07/02/2019, 06:47 AM
Updated 07/02/2019, 08:01 AM
 State Heads at G20 Greet FATF Guidelines for Cryptocurrency Regulation

The G20 meeting this year concerned itself directly with crypto assets, greeting the proposed guidelines by the Financial Action Task Force (FATF), an international body concerning itself with matters of financial regulation. In its official statement, the G20 leaders called for action regarding digital assets and financial technology.

“While crypto-assets do not pose a threat to global financial stability at this point, we are closely monitoring developments and remain vigilant to existing and emerging risks,” pointed out the official statement of the G20 meeting.

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