was signed
The participating countries of the G20 alliance agreed to introduce cryptocurrency regulations in accordance with the standards of the Financial Action Task Force on Money Laundering (FATF). This is reported by CCN .
The agreement was reached during the G20 summit, which took place last week in Buenos Aires. In particular, a final declaration was signed, in which all the leaders of the G20 countries agreed on the reform of the regulatory framework for cryptoactive assets.
Thus, according to the document, the regulation of digital currencies will help to create an "open and stable financial system." It also states that countries will use FATF standards to regulate cryptoactive assets in the fight against money laundering and terrorist financing.
"In the light of the digitization of the world economy, the members of the alliance recognized the need to develop an international tax system that would be relevant, as well as resistant to internal and external negative influences," the article says.
The first developments in this area are planned to be presented at the next meeting of the G20 member countries in 2019. The project is scheduled for 2020.
On the need to apply FATF standards in relation to cryptoactives, G20 leaders have already spoken repeatedly. The publication of the rules of international regulation of cryptocurrencies, developed by FATF, is now scheduled for the summer of 2019.
