G20 leaders reconfirm cryptocurrencies do not currently pose a threat to monetary stability
|- The G20 leaders reconfirmed in a post declaration follow last month’s summit in Japan.
- Cryptocurrencies do not currently constitute a threat to monetary stability.
G20 leaders have reaffirmed their previous stance towards cryptocurrencies in a post summit declaration following the G20 Summit in Osaka.
The G20 leaders stated that cryptocurrencies do not currently constitute a threat to monetary stability. They added that technological innovation can deliver significant benefits to the economy.
Furthermore, the participants welcomed the guidelines set by the Financial Stability Board and other standard setting bodies, encouraging multilateral responses when needed.
In addition to their determination to comply with the updated Financial Action Task Force anti-money laundering and countering terrorism financing standards for cryptocurrencies.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.