G20 finance heads adopt roadmap for crypto regulation
G20 finance ministers say the document is necessary to achieve macroeconomic and financial stability goals. The G20 Finance Ministers and Central Bank Governors (FMCBG) adopt ed a crypto roadmap designed to support a coordinated regulatory framework for all group members. As reported by Business Standard, the roadmap called on boosting the World Bank’s capacity to support the “low and middle-income countries to meet the global challenges.” The new regulatory guidelines are based on updates from the International Monetary Fund and Financial Stability Board. According to the roadmap, jurisdictions should implement the Financial Action Task Force (FATF) anti-money laundering and counter-terrorist financing (AML/CFT) standards to “address risks to financial integrity” and mitigate criminal and terrorist misuse of cryptocurrencies. You might also like: G20 leaders support FSB recommendations on crypto regulation G20 and crypto regulations In ear...