Member countries of G20 has been discussing on how to implement the standards set by intergovernmental organization such the Financial Action Task Force.
Financial Action Task Force (FATF) is a global standard setting body which has recently held its annual Private Sector Consultative Forum in Austria this month with over 300 representatives from the private sector participating in the said event.
During the meetings FATF discussions focused on the mapping of virtual assets services and business model and, the implementation of specific FATF recommendations on each issue.
FATF release a report last April to G20 stating that is working on crypto asset standards and promise to update its guidance in implementing a risk-based approach to regulating, supervising and monitoring the emerging asset class.
According to news outlets around the world have been studying how to regulate the nascent industry with many of them have crypto-related initiatives already in the pipeline or just awaiting approval.
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Headlines for the world of Cryptocurrencies - May 28, 2019
- JPMorgan Chase Is Launching Privacy Mechanism For Ethereum Blockchain
- Bitgo and Facebook Messenger Co-founder Joins Blockchain Capital
- Ripple Supporter States xRapid Building Liquidity In Key Markets
- New Blockchain Enables Investors To Get Into Hollywood Action
- Vast Expansion Of Blockchain Industry
Headlines for the world of Cryptocurrencies - May 27, 2019
- Italy To Define Legal Framework For Blockchain Innovation
- Telegram’s TON Network Launching On Q3 2019
- Malta Awards 19 Students With Blockchain Scholarships
- U.S. Copyright Office Says It Does Not Recognize Craig Wright As Satoshi Nakamoto
- Brian Kelly Sees Supply Cut Will Bring Bitcoin Prices Higher
Headlines for the world of Cryptocurrencies - May 26, 2019
- Italians Love Bitcoin And Blockchain Together
- Luxury Watch Maker Releases Watch With Bitcoin Cold Wallet Feature
- Italians Using Blockchain For Baby Food Safety
- FINRA Approves Grayscale’s Ethereum Trust
- Son Of Chinese Billionaire Made Significant Investment On Blockchain-Based Gaming
