• G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments

    The G20 leaders jointly issued a declaration on crypto assets at the end of their summit in Osaka, Japan.

    Jul 2, 2019
  • G20 Finance Ministers Meeting: Encrypted Assets Will Usher in New Development

    UU.Block CommentsThe G20 Summit is one of the major international conferences that determine the direction of cryptocurrency regulation. As a newcomer, cryptocurrency has also attracted the attention of national regulators. Compared with last year’s summit, cryptocurrency regulation policies, including investor protection, market integrity and anti-money laundering, remain the focus of discussion in cryptocurrency discussions. The difference is that this year’s G20 summit will explore the cryptocurrency more deeply and reach consensus on certain resolutions. Such as “creating a registry of crypto exchanges” “cryptocurrency money laundering and financing of terrorism regulation” and other issues. Blockstream CEO Adam Back pointed out the importance of issuing legal currency on the blockchain and provided possible solutions. This also means that blockchain technology is not only applicable to cryptocurrencies, but is still possible in the legal currency world. In short, at this summit, we saw more positive elements, more diversified and more inclusive views, rather than narrow-minded cognition.World leaders will gather in Osaka as Japan hosts its first ever G20 summit on June 28 and 29. Ahead of the summit is a G20 Finance Ministers and…

    Jun 10, 2019
  • G20 Starts Crypto Discussions – A Look at Global Standards

    Finance ministers and central bank governors from the G20 countries have gathered for a two-day meeting ahead of the G20 summit, and cryptocurrency is among the topics of discussion. Global standard-setting bodies have submitted their policies and provided tools to help the member countries with the regulation of crypto assets in their own jurisdictions.

    Jun 10, 2019
  • G20 Countries Start Implementing Unified Crypto Standards

    As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable.G20 Implementing Global StandardsThe G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its…

    May 29, 2019

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