The FATF will discuss issues related to stable currencies and virtual assets with organizations such as the United Nations and the IMF.

The Financial Action Task Force (FATF) will begin its six-day Anti-Money Laundering Financial Action Week on October 13. At that time, the FATF will discuss issues related to stabilizing coins and virtual assets and their associated risks with representatives from 205 countries and regions around the world, representatives of the International Monetary Fund (IMF), the United Nations, the World Bank, and other organizations. According to the official, among the many important issues, organizations around the world will gather to discuss the potential impact of “stable coins” on virtual asset regulation and how to reduce the risks that come with it. In addition, the FATF will inform the G20 about this issue and will hold a press conference at 12 noon on October 18 to report the results.