V20 agreed to establish an international regulatory agency for virtual currency service providers

According to jp.cointelegraph, on June 28th, the V20 summit opened on the 28th. The representatives of the cryptocurrency industry and the regulatory authorities discussed the FATF's latest cryptographic asset monitoring guidelines. After two days of discussions, I agreed to establish an international regulatory agency for the Virtual Money Service Provider (VASP). However, the name of the institution is currently undetermined. In addition, the V20 meeting has not yet agreed on the technical solutions and regulatory framework of the FATF regulations.