G20 Countries Start Implementing Unified Crypto Standards

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Wed May 29, 2019 4:32 am

The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
gurumaster
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Thu May 30, 2019 6:51 am

But that is not the case in China. In a post on social media by Dovey Wan, founding partner of Primitive Ventures, WeChat published a payment guideline and in it, the banning of merchant accounts taking part in Bitcoin trading was duly announced. The Chinese government surely has other plans as far as cryptocurrencies are concerned.
alayemi
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Wed Jun 19, 2019 9:58 pm

An enterprise with a multifaceted portfolio of blockchain-dependent businesses in marketing communications and technology, BC Group has the belief that custody service does away with one of the major limitations that constituted being obstacles to experienced traders and ventures interested in combining cryptocurrencies to their portfolios till the present moment.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
wonshey
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Sat Jun 22, 2019 2:01 am

Bracha stressed that the ruling is quite clear and that considering the fact that it is not a new law but an interpretation of existing laws, the application is going to be in a retroactive manner.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
wonshey
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Mon Jul 01, 2019 2:01 pm

There is a growing number of users searching for ways to spend their bitcoins.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
alayemi
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Mon Jul 01, 2019 2:31 pm

You can submit your business in online directories to help them easily find you. You can also display the Bitcoin logo on your website or your brick and mortar business.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
gurumaster
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Mon Jul 01, 2019 7:24 pm

It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
gurumaster
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Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Mon Jul 01, 2019 7:37 pm

In this way, no group or individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
wonai
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Tue Jul 02, 2019 1:04 am

Each confirmation takes between a few seconds and 90 minutes, with 10 minutes being the average.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
wonai
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Posts: 122
Joined: Thu May 23, 2019 5:48 am

Tue Jul 02, 2019 3:16 am

It is your responsibility to ensure that you adhere to tax and other legal or regulatory mandates issued by your government and/or local municipalities.
News wrote:
Wed May 29, 2019 4:32 am
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.
In its April report to the G20, the FATF outlined its work on crypto asset standards and promised to update its guidance “to continue assisting jurisdictions and the private sector, in implementing a risk-based approach to regulating virtual asset service providers, including their supervision and monitoring,” the report describes. “This will help countries in exercising oversight of this sector.” While emphasizing various risks such as money laundering, the FATF also recognized:
Technological innovations, including those underlying virtual assets … may deliver significant benefits to the financial system and the broader economy.
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