In March, the summit of “Big twenty” (G20) for the first time discussed the topic of cryptocurrencies and decided not to impose additional regulation of the coins. The final decision on this issue, the leaders promised to raise at the meeting in July.
During a conference in Buenos Aires, Ministers of Finance and heads of Central Banks of the countries participating in the G20 came to the conclusion that cryptocurrencies threaten the global financial system, however, must monitor their development and to control the situation in this area. About it writes “RIA Novosti”.
Regulation of cryptology
During the next meeting, the G20 decided on the need to continue the work in monitoring the potential risks of scriptactive and evaluation of possible measures to neutralize them.
Scriptactive now not pose a risk to global financial stability, but must remain on high alert.
Officials also urged the Group of development of financial measures of struggle against money-laundering (FATF) in October to develop measures on struggle against economic crimes involving digital assets.
Technological innovations, including those that relate to scriptactive, can bring significant benefits to the financial system and the economy as a whole. However, the appeal of scriptaction raises questions related to the protection of consumers and investors, the integrity of the markets, tax evasion, money laundering and the financing of terrorism.
In a paper published after the meeting, it is noted that the cryptocurrency has no signs of money, so they can not be recognized as a means of payment.
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