G20 to Regulate Crypto based on FATF Rules

G20 to Regulate Crypto based on FATF Rules

The members of G20 have recently agreed to regulate the cryptocurrency industry parallel with the guidelines and standards set by the Financial Action Task Force (FATF). A document signed as the agreement highlighted, “We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed.”

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