As you might have heard, Argentina has recently hosted one of the most important events of the year, G20, – a summit gathering leaders of the countries that make up 85% of the world economy. During the summit, the state rulers have discussed multiple crucial issues, and one of them was cryptocurrency.
The decision has been made to make a proper regulation of crypto in compliance with Financial Action Task Force guidelines.
The G20 Countries have signed a joint declaration in Buenos Aires, where it promises to regulate #crypto & combat its use for money laundering & the financing of terrorism in line with the Financial Action Task Force (FATF) standards — @CryptoCoinsNews https://t.co/0nKGqzcsL5 pic.twitter.com/aCunWWvAY9
— The Element Group (@TheElementGrp) December 3, 2018
Although most of the crypto experts agree on the fact that the crypto sphere is in need of a strong regulation infrastructure, some members of the crypto community are sure that too much regulation could do more harm than good, as it undermines the main idea of crypto – decentralization.
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