24 countries together with the IMF discussed future rules and regulations for the regulation of cryptocurrency

International standards for cryptoindustry recently discussed regulators in 24 countries together with the IMF. They met at the next meeting of the Council on Economic Stability. Representatives of various countries discussed the vulnerability of the global financial system and developed ways out of this situation.

A report on how to avoid such problems is planned to be presented at the G20 meeting , which is to be held in Japan. In particular, the introduction of international rules for the regulation of cryptoindustry is considered an important issue.

The head of South Korea’s financial regulator, Choi Jon-ku, stressed the importance of introducing international rules and regulations for cryptocurrencies .

“We discussed various initiatives supported by supervisors, as well as possible ways to eliminate the risks associated with digital currencies,” he said.

The plenary participants stressed the importance of taking into account the rapid development of the crypto market and the need for regular monitoring of the situation.

Publication date 01/05/2019
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