G20 to Urge Watchdogs to Assess Crypto-Related Risks

G20 representatives believe that at the moment, cryptocurrency doesn't thread global financial stability
10 June 2019   374

The G20 countries urged the Financial Stability Board and regulators in various countries to assess the risks associated with digital currencies. Reported by the Cointelegraph.

At the meeting the G20 participants noted that regulators should pay more attention to cryptocurrencies and the risks associated with them. It is emphasized that at the moment digital currencies do not pose a threat to world financial stability. The corresponding meeting of the ministers of finance and representatives of central banks of G20 countries took place in Fukoka, Japan, at 9th of June, 2019.

While crypto assets do not pose a threat to global financial stability at this point, we remain vigilant to risks, including those related to consumer and investor protection, anti-money laundering (AML) and countering the financing of terrorism (CFT).
 

G20's Document

G20 participants also appealed to the Financial Stability Board with a request to strengthen market monitoring and develop measures to counter these risks.

At the same time, the document notes that representatives of the G20 support the creation of platforms for trading cryptoactive assets that protect the interests of users and investors, as well as the integrity of the market.

In addition, the document talks about the potential advantages of the blockchain and cryptocurrency for the global economy.

At the end of last year, the final declaration of the G20 summit also noted the need to regulate the cryptocurrency market.

Waves to Release Node 1.0

According to the team, Node 1.0 is a culmination of many months of work and now RIDE programming language is supported for the mainnet
26 June 2019   86

Waves blockchain platform this Tuesday announced the release of a major update Node 1.0, which will significantly expand the capabilities of its ecosystem.

The developers call Node 1.0 the culmination of months-long work and pay particular attention to the release of the RIDE programming language for the core network Waves, which is focused on creating stable decentralized applications.

In addition, with Node 1.0 in Waves, it will be possible to release collection items on the blockchain or non-fungible-tokens, similar to those used, for example, in Ethereum-based CryptoKitties.

Also, users of the Waves decentralized exchange will be able to use assets other than WAVES coins to pay commissions. Calculation of commissions in this case will be carried out on the basis of the exchange rate of Waves DEX. The developers claim that their community members have been asking for a long time to implement this feature.

Activation of the update will require the accumulation of 80% of the votes of the participants in the ecosystem. For comparison, in EOS, where a similar consensus mechanism is used, the minimum bar is 15%. Node 1.0 on the Waves core network will be launched one week after reaching the specified number of votes. At the same time, users and developers will have access to all the new features.