The G-20 nations will continue their hands-off approach to cryptocurrency regulation until at least October.
A communique released Sunday made no reference to any concrete action by the G-20’s Finance Ministers & Central Bank Governors (FATF) group to create rules on regulating cryptocurrencies. Back in March, FATF said it would work on “very specific recommendations” for regulating crypto at the international level, Cointelegraph said.
Now, however, the G-20 is only asking for FATF “to clarify in October 2018 how its standards apply to crypto-assets,” according to the communique. Read more here.