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September 15, 2018, 03:35:39 AM |
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On 21st and 22nd of July 2018, G20 shows some updates about Global Finance, cryptocurrency included. After the crypto-assets introduction and international recognition at the last G20 Summit in March 2018, finance ministers and the central bank governors of the G20 member countries reiterated their vigilance position regarding crypto-assets regulamentation Technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy Crypto-assets do, however, raise issues with respect to consumer and investor protection, market integrity, tax evasion, money laundering and terrorist financing. Is still exists, therefore, a global recognition of new technologies, the affirmation of the same as a benefit in the global financial market, but also of their dark side, since there aren’t no regulations and protections against those who use them for shady. First of all, the requesting regulatory intervention by member countries concerns the theme of cryptocurrency global anti-money laundering (AML) specific entities are being asked for assessments and clarifications to be reported within the next G20 Summit scheduled for October 2018.
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