With the formal announcement or guidance around the crypto again in the meeting of the finance ministers and central bank governors in the July G20 meeting, any possible update has been pushed back in October when the G20 Financial Action Task Force (FAFT) is on a money laundering Report and how the terrorist financing risks and its standard crypto properties apply.In the July G20 meeting in Buenos Aires, the Financial Stability Board (FSB), the international institution that advises the G20 on global financial systems, presented a framework for monitoring cryptocurrency properties. It states that while crypto does not presently threaten financial stability, the market needs to be carefully monitored in the future.
