bt-crow.com
02 December 2021 05:27, UTC
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The G20 countries will develop a unified mechanism for regulating the cryptocurrency industry. The corresponding decision was made in the middle of this week, TASS reports.
The G20 countries have repeatedly pointed out the risks posed by digital assets in the past. They want to pay special attention to stablecoins issued by private companies.
Ensuring global financial stability is the main task of the organization. Therefore, the G20 wants to establish control over cryptocurrencies with volatility.
According to Svetlana Lukash, Russia’s representative in the G-20, the organization also advocated a joint fight against cybercrime and the development of artificial intelligence.
The Russian Federation of all other G20 states adheres to the toughest position in relation to the cryptosphere. Back in 2019, the Ministry of Finance of the Russian Federation called on foreign partners to develop a regulatory framework for the digital asset market and introduce taxation of this segment of the economy.
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