G20 to Create Crypto AML Standard Till October

Еhe Financial Action Task Force on Money Laundering (FATF) will be involved to develop anti money laundering standards
23 July 2018   870

The member states of the G20 signed an agreement, according to which, before October 2018, a standard for combating money laundering (AML) in the cryptocurrency area will be developed. This is reported by CoinDesk.

It is reported that this weekend (July 21-22) was a meeting of finance ministers and heads of central banks of the G20 participating countries. During the meeting, the importance of close monitoring of the sphere of cryptocurrencies was again underlined.

To develop the AML standard, the Financial Action Task Force on Money Laundering (FATF) will be involved, which explores the possibility of applying existing anti-money laundering measures.

While crypto-assets do not at this point pose a global financial stability risk, we remain vigilant. ... We reiterate our March commitments related to the implementation of the FATF standards and we ask the FATF to clarify in October 2018 how its standards apply to crypto-assets.

G20 Member Countries

In mid-July, the Financial Stability Board ща G20 announced plans to implement a framework designed to assess the risks of cryptocurrency.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1025

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”