G20 Passes For Now, But Regulatory Threat Remains For Cryptocurrencies

The cryptocurrency relief rally over Investing.com – the G20’s hands-off approach to regulation may be a triumph of hope over reality.
Just because the G20 declared that cryptos are not a threat to the global financial system does not mean they are not a threat to investors.
Nor does it mean that digital currencies are not a problem when its comes to money laundering and terror financing.
They are all major concerns of some powerful G20 members and the International Monetary Fund.
The U.S. for one has made it very clear that existing securities laws apply to digital coin offerings and cryptocurrency trading exchanges
and is cracking down on apparent violations.
The U.K. and European Union are equally concerned about protecting investors.
Japan is not going to stop inspecting exchanges or suspending their operations when irregularities are discovered.
And the U.S., Japan, E.U. and the IMF all want to crack down on the use of cryptocurrencies in money laundering and terror financing.
Regulation — whether it’s the creation of new rules or the application of existing ones — is a matter or more not less.

Disclaimer:
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.