The G20 wants a global regulation of cryptography until October



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  dpatopbilder - 21.07.2018, Argentina, Buenos Aires: Federal Finance Minister Olaf Scholz (SPD, M) takes his place at the G20 finance ministers' meeting with the finance minister and central bankers for a group photo. Photo: Claudio Santisteban / dpa +++ dpa-Bildfunk +++ | Global Utilization

G20 finance ministers and central bank governors want to stop money laundering through cryptocurrencies. (Photo: dpa)

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The G20 wants a global regulation of cryptography until October

The G20 countries are currently working on a global standard for money laundering for cryptography currency

According to a statement released on Sunday, G20 finance ministers and central bank governors met this weekend and reiterated their position on a "watchful" cryptocurrency surveillance plan.

Task Force (FATF) – an intergovernmental agency on money laundering and terrorist financing – to clarify how its existing AML standards can be applied to cryptocurrencies within three months.

"While crypto badets do not pose a risk of financial stability We remain vigilant … We reaffirm our commitment received in March Conclusions on the implementation of FATF standards and request the FATF to clarify their standards for crypto-active in October 2018 ", states Member States in document

Last month, it was reported that the FATF plans to develop binding rules against money laundering for crypto exchanges currency in the world.

Earlier last week, the Financial Stability Board, an organization focused on the badysis and publication of recommendations to the G20 on global financial systems,

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News of the 21.07.

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