The Financial Action Task Force has kicked off its meeting to discuss global cryptocurrency regulations which the G20 countries have committed to follow. Meanwhile, the crypto industry has raised concerns regarding some recommendations, and a meeting has been set up to coincide with the G20 summit to influence policymakers.
Plenary to Discuss Crypto Regulations
The Financial Action Task Force (FATF), the global standard-setting body in areas such as combating money laundering, kicked off its plenary week Sunday. “For the first time under the FATF’s new, open-ended mandate, representatives from the 205 members of the FATF Global Network, the IMF, UN, World Bank and others will meet for FATF Week in Orlando, Florida,” the FATF elaborated: