RATE Group | G20 Wants Unified Crypto Regulation and Taxation
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G20 Wants Unified Crypto Regulation and Taxation

03 Dec G20 Wants Unified Crypto Regulation and Taxation

Posted at 12:10h in Ethereum News by

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Leaders of the G20 group gathered in Buenos Aires over the weekend and cryptocurrency was on the agenda.

A final communique was published on Sunday to sum up the meeting and part of it called for unified regulations and a global approach to digital currencies. As reported by FXstreet the organization confirmed its commitment to using all political tools, including digitalization of the global economy and crypto assets, to promote global growth.

The publication also stated that G20 leaders are seeking to “build a taxation system for cross-border electronic services.” They are reportedly already working on such a system and aim to introduce it next year when Japan will be the president of the summit. After considering proposals from each member state a final version of the regulations are expected to be implemented by 2020.

G20 participants have agreed to develop a unified approach to crypto regulation in compliance with the standards of the Financial Action Task Force…

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