Just recently the outcome of the G20 summit in Osaka, Japan, has set in – cryptocurrencies are officially regulated by the G20. Without any creativity, the G20 officials have agreed on applying the FATF (Financial Action Task Force) guidelines to, mostly, cryptocurrency exchanges.
While the rest of the world was impatiently eying the G20 summit with a curious question on how the trade war between USA and China will escalate, the cryptocurrency enthusiasts waited for a different decision. Today comes with a long-awaited decision on global cryptocurrency regulation. The G20 has made it clear – crypto will be regulated with the standards of FATF. The new regulation will help prevent money-laundering, theft schemes, and minimize the financing of terrorism.
Read more: https://www.coinspeaker.com/g20-regulated-crypto-fatf-guidelines/