G20 Agrees to Regulate Crypto, But is This Good or Bad for the Market?

The G20, an international forum for the governments and central bank governors from the world’s 20 largest economies, has decided to regulate the crypto sector.

A declaration released by the forum read:

“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.”

What Impact Could it Have?

The G20 Countries have signed a joint declaration in Buenos Aires, where it promises to regulate #crypto & combat its use for money laundering & the financing of terrorism in line with the Financial Action Task Force (FATF) standards — @CryptoCoinsNews https://t.co/0nKGqzcsL5 pic.twitter.com/aCunWWvAY9

— The Element Group (@TheElementGrp) December 3, 2018

Over-regulation restricts the growth of emerging asset classes and technologies by limiting the way companies can grow over the long-run.

For many years, the G20 has maintained an open-minded stance towards…