G20 Finance Ministers and Central Bank Governors Meeting Joint Statement: Encrypted assets will not pose a threat to the stability of the global financial system, but still need to be vigilant about risks

According to Cointelegraph, on June 9th, at the meeting of G20 finance ministers and central bank governors in Fukuoka, Japan, the conference issued a joint statement saying that innovations including crypto assets could bring important importance to the financial system and the wider economic system. interest. Encrypted assets currently do not pose a threat to the stability of the global financial system, but there is still a need to be vigilant about risks associated with consumer and investor protection, money laundering and terrorist financing. The statement promised to apply the recently revised International Intergovernmental Financial Action Task Force (FATF) standards to virtual assets and related entities to address money laundering and terrorist financing.