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Against this backdrop, the report financial institution exposures to crypto-asset markets are important metrics of and inclusiveness of both the.

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Paris, 24 July - G20 Finance Ministers and The G20 asked the FATF to clarify in October how its standards apply to crypto assets. This report sets out FATF's ongoing work to fight money laundering and terrorist financing, in particular in the area of virtual currencies/crypto assets. Bitcoin prices topped $ after finance ministers discussed cryptocurrency at a G meeting in Argentina on Tuesday.

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The nonprofit is meant to police digital currency markets, prevent fraud and develop industry standards, according to the press release. Japanese representatives had reportedly said they would encourage G counterparts to step up anti-money laundering efforts for cryptocurrencies, according to Reuters , which cited a government official with direct knowledge of the matter. While the FSB believes that crypto-assets do not pose a material risk to global financial stability at this time it recognises the need for vigilant monitoring in light of the speed of market developments. There are currently no entries. The world's economic leaders have set a July deadline for the first step toward unified regulation of cryptocurrency.