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The G20 will revise the anti-money laundering standard with the help of crypto-currency

The G20 will revise the anti-money laundering standard with the help of crypto-currency

In October this year, the G-20 countries plan to revise the world standard on combating money-laundering through crypto-currency.

Last weekend, finance ministers and central bank governors of the G20 countries met to discuss further actions regarding the monitoring of the crypto-currency

The meeting was also attended by the representatives of the Group of development of financial measures of struggle against money-laundering (FATF), an intergovernmental organization working to develop global standards for countering laundering of illicitly acquired funds and financing of terrorism. The band was invited for a more detailed consideration of the existing standard and its application to the cryptocurrency in the next three months.

In a statement published on Sunday, it is said that the G-20 countries remain vigilant even though the crypto-currency assets do not threaten the current global financial stability. Back in March of this year, the G20 appealed to the FATF with a request to provide a standard on combating money laundering, which should become one of the elements of regulation of this issue.

In June it became known that the FATF is working to establish binding rules of standard intended for the largest cryptocurrency exchanges. And last week, the financial stability Board, analyzing and providing recommendations for "Big twenty" to eliminate weaknesses in the area of global financial stability, demonstrated several key metrics for monitoring cryptocurrency assets.


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