In the report of the Financial Stability Board (FSB) presented by the Minister of Finance and representatives of the Central Bank of the G20..
However, the report also says that in the future the situation may change dramatically due to the lightning-fast development of virtual currencies. The FSB even created a special structure to monitor the size and growth of crypto markets. This attitude of the institutions of the crypto industry will continue to develop freely without the intervention of international organizations. Experts are still awaiting the FATF report, which will inform the G20 about the involvement of the currency in money laundering and terrorist financing.
NEWS BRIEF- G20 Says Crypto Not A Threat.
However, the FSB is not the only structure looking into the issue of virtual currencies. The International Organization of Securities Commissions (IOSCO) is looking into the issues surrounding ICOs. Some platforms intend for decentralized financial services, so the Banking Supervision Committee of the Bank for International Settlements (BCBS) is also investigating the impact of cryptocurrencies..
Recall that bitcoin turned out to be the favorite coin of hackers from Russia.
text: Ivan Malichenko, photo: Alexander / Stockvault
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