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G20 Countries Have an ‘Opportunity and Responsibility’ toward Crypto, DeFi Policies
Summary: Independent think tank Observer Research Foundation (ORF) opined in its latest post that G20 countries have both an “opportunity and responsibility” to coordinate policies around crypto-assets and DeFi. So much so, that it is conducive to a “sustainable, balanced, and inclusive global economic architecture.” The G20 countries signed a joint declaration in Buenos Aires that ...
Independent think tank Observer Research Foundation (ORF) opined in its latest post that G20 countries have both an “opportunity and responsibility” to coordinate policies around crypto-assets and DeFi. So much so, that it is conducive to a “sustainable, balanced, and inclusive global economic architecture.”
The G20 countries signed a joint declaration in Buenos Aires that stated, “We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards, and we will consider other responses as needed.”
Meanwhile, the ORFO report also noted, “Bitcoin is especially popular in emerging market and developing economies, including G20 economies such as Turkey, Brazil, Argentina, and Indonesia.” And while adoption is skyrocketing globally, many other G20 countries are also amidst developing a regulatory framework for digital assets. India, for example, might bring in law as early as February 2022 for its two million crypto users.
By Amy Liu
Tags: Crypto,DeFi,G20
Link: G20 Countries Have an ‘Opportunity and Responsibility’ toward Crypto, DeFi Policies [Copy]
