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.