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| comment | | "parent_author":"",<br>"parent_permlink":"steempress",<br>"author":"ohiobitcoin",<br>"permlink":"officialg20callsforcryptocurrencyregulationrecommendationsbyjuly2018-y9rwyo84nj",<br>"title":"Official: G20 Calls for Cryptocurrency Regulation Recommendations by July 2018",<br>"body":"<a href=\"https:\/\/www.ccn.com\/official-g20-calls-for-cryptocurrency-regulations-by-july-2018\/\">Official: G20 Calls for Cryptocurrency Regulation Recommendations by July 2018<\/a><br \/><p><div><a href=\"https:\/\/www.ccn.com\/official-g20-calls-for-cryptocurrency-regulations-by-july-2018\/\" title=\"Official: G20 Calls for Cryptocurrency Regulation Recommendations by July 2018\"><img width=\"760\" height=\"400\" src=\"https:\/\/ohiobitcoin.com\/wp-content\/uploads\/2018\/03\/6wHq29.jpg\" alt><br><\/a><\/div><div><div><h6>Advertisement<\/h6><div><div><\/div><\/div><\/div><\/div><em><a href=\"https:\/\/hacked.com\/continue-reading\">Join our community of 10 000 traders on Hacked.com for just $39 per month.<\/a><\/em><p>The world\u2019s economic leaders gathered in Buenos Aires,<br> Argentina for the G20 summit,<br> and sought for proposals of cryptocurrency regulations to come by July 2018 according to the G20 communique. The document backs the words of Frederico Sturzenegger,<br> Argentina\u2019s Central Bank chief,<br> who noted cryptocurrencies need to be examined.<\/p><p>Having seen the document,<br> CCN can confirm that rumblings of a crackdown on cryptocurrencies are out of the picture. It shows the world\u2019s economic leaders seemingly prefer to call cryptocurrencies \u201ccrypto-assets,<br>\u201d implying they see cryptos as assets and not currencies.<\/p><p>The G20 communique notably acknowledges the \u201ctechnological innovation\u201d underlying cryptocurrencies,<br> which has the potential to \u201cimprove the efficiency and inclusiveness of the financial system and the economy more broadly.\u201d<\/p><p>It reads that cryptocurrencies raise issues when it comes to consumer and investor protection,<br> tax evasion,<br> market integrity,<br> money laundering and terrorism financing,<br> echoing concerns regulators throughout the world have in the past expressed.<\/p><p>The G20 communique goes on to read:<\/p><blockquote><p>\u201cCrypto-assets lack the key attributes of sovereign currencies. At some point they could have financial stability implications. We commit to implement the FATF [Financial Action Task Force standards as they apply to crypto-assets,<br> look forward to the FATF review of those standards,<br> and call on the FATF to advance global implementation. We call on international standard-setting bodies (SSBs) to continue their monitoring of crypto-assets and their risks,<br> according to their mandates,<br> and assess multilateral responses as needed.\u201d<\/p><\/blockquote><p><a href=\"https:\/\/248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/03\/G20-July-Reg-Crypto.png\" title=\"Official: G20 Calls for Cryptocurrency Regulation Recommendations by July 2018\"><img src=\"https:\/\/ohiobitcoin.com\/wp-content\/uploads\/2018\/03\/yFyvPu.png\" alt width=\"642\" height=\"1024\"><\/a><\/p><p>Not all countries are on board with this approach,<br> however. According to local news outlet<a href=\"https:\/\/www.ccn.com\/bitcoins-explosive-growth-has-uk-government-launch-crypto-study\/\" target=\"_blank\"> El Cronista<\/a>,<br> Brazil\u2019s Central Bank president Ilan Goldfajn has revealed cryptocurrencies won\u2019t be regulated in his country.<\/p><p>At the end of the communique,<br> it becomes clear that cryptocurrency regulations are coming by July 2018. It reads:<\/p><blockquote><p>\u201cWe ask the FSB [Financial Stability Board ,<br> in consultation with other SSBs,<br> including CPMI and IOSCO,<br> and FATF to report in July 2018 on their work on crypto-assets.\u201d<\/p><\/blockquote><p>The conclusion the world\u2019s economic leaders seemingly arrived to has been expressed by FSB chief and Bank of England governor Mark Carney,<br> who in a letter sent to G20 finance ministers argued <a href=\"https:\/\/www.ccn.com\/cryptos-dont-pose-risks-to-global-financial-stability-fsbs-carney-tells-g20\/\">cryptocurrencies \u201ddo not pose risks to global financial stability at this time.<\/a>\u201d<\/p><p><em>Hat tip to Cassio Gusson and Cristhian Raphael from <a href=\"https:\/\/www.criptomoedasfacil.com\" target=\"_blank\">Criptomoedas F\u00e1cil<\/a>.<\/em><\/p><p><em>Featured image from Shutterstock.<\/em><\/p><b>Follow us on <a href=\"https:\/\/telegram.me\/ccncom\">Telegram<\/a>.<\/b><br><b>Advertisement<\/b><br><div><\/div><p> <\/p><br \/><br>Published at Tue,<br> 20 Mar 2018 20:25:22 +0000<\/p>Bitcoin Regulation[wpr5_ebay kw=\"Bitcoin\" num=\"1\" ebcat=\"\" cid=\"5338043562\" lang=\"en-US\" country=\"0\" sort=\"bestmatch\" <br \/><center><hr\/><em>Posted from my blog with <a href='https:\/\/wordpress.org\/plugins\/steempress\/'>SteemPress<\/a> : https:\/\/ohiobitcoin.com\/official-g20-calls-for-cryptocurrency-regulation-recommendations-by-july-2018-2\/<\/em><hr\/><\/center>",<br>"json_metadata":" \"community\":\"steempress\",<br>\"app\":\"steempress\/1.1\",<br>\"tags\":[\"steempress\",<br>\"steem\" " | | comment_options | "author":"ohiobitcoin",
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