Topic: G20 & CRYPTOCURRENCIES - page 2. (Read 389 times)
All the same general phrases and nothing concrete. It is already good that the G-20 countries are not going to prohibit cryptocurrency, but only to regulate, and the report mentions that the danger of cryptocurrency is not. I hope that the report implies the protection of the rights of users and investors, including the regulation of the activities of ICO, which has long been overdue.
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We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed.
Again, it has been defined as "crypto-assets", but the good thing is that there is an openness to getting to know this technology, although I doubt that there will be any control unless trading in the central platforms is often on the total number of currencies as well as the difficulty of mining.
Quote from: https://i.redd.it/dr3cnivcqu121.jpg
We will continue to work together to seek a consensus-based solution to address the impacts of the digitization of the economy on the international tax system with an update in 2019 and a final report in 2020.
Perhaps this date has a constructive meaning, as I mentioned above [difficulty of mining].
and finally
“Crypto-assets do, however, raise issues with respect to consumer and investor protection, market integrity, tax evasion, money laundering, and terrorist financing,” the report read. “Crypto-assets lack the key attributes of sovereign currencies. While crypto-assets do not at this point pose a global financial stability risk, we remain vigilant.”
What are your ideas?
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