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Information The decision-makers Meet to Complete global-crypto-alignment - Supports A view to the Standards of the G20 - Bitcoin news


Title :  The decision-makers Meet to Complete global-crypto-alignment - Supports A view to the Standards of the G20 - Bitcoin news
Lasting :   18,55
User :  Meztinos
Date of publication :   2019-08-08
Views :   369
Liked :   939
Downloaded once :   474


Frames The decision-makers Meet to Complete global-crypto-alignment - Supports A view to the Standards of the G20 - Bitcoin news





Description The decision-makers Meet to Complete global-crypto-alignment - Supports A view to the Standards of the G20 - Bitcoin news

The working group " Financial measures began its session, to discuss, to follow global cryptocurrency regulations, the obligation of the G20 countries. During this time, the crypto-industry concerns about some of the recommendations, and a meeting was created to the same time as the g-20 summit on the influence of political decision-makers.

Also read: G20 summit Crypto discussions &ndash Begins; A look at global Standards

Plenary to Discuss Crypto-regulation

The Financial action task force (FATF), the global organization of standardization in areas such as the combating of money laundering, began his plenary meeting of the week on Sunday. &for the artist: "For the first time under the FATF’s new, open order, representatives of 205 members of the FATF Global network, the IMF, the UN, the world Bank and others to FATF week in Orlando, Florida,” prepared by the FATF:

For a six-day meeting, they discuss a number of important issues, with a focus on the protection of the integrity of the financial system and to contribute to the safety and security of. With further progress in the settlement of the virtual assets, with a strong support of the G20 include.

The theme of the first discussion on the list of long-awaited &the artist;an explanation of the auditors and Advise the Active.” Also on the agenda of the artist is the report of the FATF recommendations to the G20 leaders.” The FATF has also confirmed that the President will give a press conference on the results of the deliberations on the 21 June.

G20’Engagement de l'

At the G20 meeting of Finance Ministers and Central Bank governors Meeting in the Japanese city of Fukuoka on 8-9 June, the G20 countries, a joint Declaration on cryptography published active. And notes that &the artist;Technological innovations, including the underlying crypto-active, offer significant advantages for the financial system and the economy in General,” your statement reads as follows:

While the crypto-active, and not a threat to global financial stability at this point, we remain vigilant to risks, including those associated with the use and the protection of investors, the money-laundering (AML) and combating the financing of terrorism (LFT).

The G20 also reiterated their commitment to compliance with the FATF recommendations’s new crypto-active, the alignment should be announced at the end of the plenary session. The member States have jointly declared:

We reaffirm our commitment to the implementation of the recent amendments to the FATF standards for virtual assets, relatives and suppliers in the field of combating money laundering and the financing of terrorism and the LFT. We look forward to the adoption of the FATF explanatory Memorandum and the advice of the FATF plenary meeting later this month.

The Recommendations

The FATF should announce his standards, on the basis of design for the project " guidelines on Feb. 22 to clarify, as it relates to activities or operations on which crypto is active. The private sector was asked for comments, the references to the document. &the artist;The text of the note was to be finalised and adopted, which will be shown in the framework of the standards of the FATF in June of 2019,” the FATF.

Some of the requirements stand out as especially difficult. Blockchain forensic practice Chainalysis explained that according to the FATF &the artist;countries should ensure that the origin of the VASPs [virtual active provider of services] and to keep the needs and the exact sender of the information and of the need, the recipient of the information, the values on transfers of assets, the information required to make the above-mentioned data receiver VASPs and colleagues (if available), and available, on request, to the competent authorities,” in which they claimed:

This would require to check the VASPs only, your customers’ identities, but also to identify the recipients of their customer’ transfers, the transfer of this information. That would be for all transactions higher than USD 1 000/EUR threshold.

The Respekt Roadblocks

And notes that &the artist;FATF’s advice, as currently drafted, would have profound implications for the cryptocurrency industry,” Chainalysis describes some of the dams in the comments, the one he has sent to the FATF. &for the artist: "There seems to be technical obstacles that prevent cryptocurrency companies will be able to, these standards,” the company wrote, adding that cryptocurrency’s peer-to-peer nature means that &the artist;In most cases, cryptocurrency trading are not able to say whether a recipient of a stock exchange or a personal portfolio.”

In addition, &the artist;There is no infrastructure for the transmission of information between the cryptocurrency company today,” the company has pursued, noting that the compliance with the requirements that could &the artist;the drive, the activity is decentralized and peer-to-peer trade, and perform risk assessment by financial institutions. Such measures would be a reduction in the transparency, which is currently available for the application of the law.”

Jeff Horowitz, Coinbase’s chief compliance officer, explained to Bloomberg that &the artist;The FATF has really need to consider the numerous unintended consequences of the application of this rule, certain VASPs,” with a focus on:

The application of the rules of the bank, which in this industry could result in more people in the leadership (person-to-person transactions, this would lead to a decrease of transparency for the application of the law.

John Roth, Bittrex’s chief compliance officer, agreed. They describe the publication of the compliance tax, because the portfolio addresses, often anonymously, and the trade have no way of knowing who are the recipients of the funds, he said:

It’s going to require a comprehensive and fundamental restructuring of technology, blockchain, or it’s enough to require a global, in a system in parallel, to a little built, among the 200 stock exchanges in the world … can you imagine trying to the trouble to build something as it is.

Mary Beth Buchanan, octopus’s the advocate-General, told the publication that a handful of US stock markets are discuss on how to get to such a system. &the artist;It’s not a technological solution, which enables us to fulfill us completely. We are working with the international trade, to try to find a solution,” she said.

The impact of non-compliance

Chainalysis furthermore, it explains why the countries are very likely to be in compliance with the FATF recommendations, it’s rules, when he said:

FATF’s, the size and the scope is enormous, and if a country is considered to be deficient anti-money laundering and terrorist financing, the FATF added the country is on the list of countries that are not cooperative.

On the list of countries that are not cooperative &the artist to have had a substantial impact on the financial possibilities of borrowing from institutions such as the IMF and the world Bank, lead to a reduction in countries ' ratios, the S&P and Fitch, the impact on its bond market, and may lead to a loss of access to the Euro-zone and/or us dollars,” believes on the taste of Moody’s, the company.

Some G20 countries have already begun the standards that you have discussed with the FATF, including Russia, Japan and South Korea, as news.Bitcoin.com previously reported.

Other Norms, Committed By The G20,

In addition to the support for the standards of the FATF, G20 Finance Ministers and Central Bank governors of several other ads, which at the end of their meeting in Fukuoka. After the welcome in the work of the financial stability Board (FSB), an international organization that monitors and makes recommendations on the global financial system, which explains the members together:

We call on the FSB and the standardisation bodies, the risks monitor and review their work on other multi-lateral solutions as necessary.

&the artist;We will continue the efforts to strengthen cyber-resilience, and welcome the progress made on the FSB’s initiative to identify more efficient practices of the intervention and of the restoration of the cyber-incidents” of their statement continued. The G20 has, moreover, the work of the International Organisation of securities commissions (IOSCO) &the artist praised;on the crypto-asset trading platforms in connection with the use and the protection of investors and the integrity of the market.”

Another Highlight

Coinciding with the summit of the g meetings have brought 20 a number of major crypto-trade, a meeting with the authorities and the political leaders of the planet, the debate, which could hinder the FATF proposals in the target &the artist;to change to a new collection of data, which they say is usually that, your activities,” New Financial reported on Monday. The newspaper in more detail:

The event, presented as the V20 summit was thrown, with only six weeks– assessment, so that you can with the G20 summit in Osaka on 28 and 29 June.

According to the organizers of the event, in the management of major cryptocurrency trade, including the circle, Coinbase, Bitflyer, octopus and Huobi have confirmed the presence of. The other participants are in Japan’s, the financial services Agency, members of Congress, from Taiwan, Japan, and Australia, the regional economic Advisor of the French Embassy in Japan, and a number of representatives of the countries of the FATF, including the United Kingdom Secretariat. The publication adds that the invitations have been sent, in many of the G20 participants, including the Ministers of Finance and Central Bank chiefs.

You think that the FATF’s, tips, crypto active? Let us know in the comments below.



Comments The decision-makers Meet to Complete global-crypto-alignment - Supports A view to the Standards of the G20 - Bitcoin news



Cotton Hill
I'm p2p but I got the gems lol
Comment from : Cotton Hill


Άρης Κεφαλογιαννης
Omg you have so many USELESS TRASH ON YOUR FUCKING WAREHOUSE
Comment from : Άρης Κεφαλογιαννης


Giveaway Gaming
Giveaway account castle clash
youtu.be/1NuIW6EcnMI

Comment from : Giveaway Gaming


Tayshawn Gilcrease
I have a 80k might plus dove and other good hero’s account for sale iOS cost $10 Apple gift card
Comment from : Tayshawn Gilcrease


Ivcho
iOS has 100 mastery essense 3s for 1k gems, Android has pure trash... Wtf is this
Comment from : Ivcho


a bac hoong a bac
You can give me one small nick of yours
Comment from : a bac hoong a bac


Kiệt Võ
Ai Việt Nam ủng hộ anh này nhé hãy like cho anh ấy vì sự chăm chỉ của ảnh nhé ^_^
Comment from : Kiệt Võ


TrippleX TrippleX
damn man u still keeping at it with these vids? just came back to the game and fell across u again ^^ genuinely made me happy so appreciate it.
Comment from : TrippleX TrippleX


MyBoyBot - Castle Clash
JT ALLMOST 150k






S U B SSSSSSS

Comment from : MyBoyBot - Castle Clash


fanil desai
Jts pls stop this channel game is dead will waiting to catch u with some new game😚
Comment from : fanil desai


Anvil Shit
Selling ACC for 14$ 160k Might. have all hero (Except phobos and zephyra) Lavanica,Dove,Comso,Ripper,WallaWalla,Lazu,Rosa is inscribed on 100LVL (have 700K shards, 25Million BlueCrystal, 400 Mastery Essence 3 and more)
Comment from : Anvil Shit


John Steven Navarro
still no gift for ur subs? giveaway? still no?
Comment from : John Steven Navarro


SUCK MY NOB
Good vids man
Comment from : SUCK MY NOB


Visionz
I got 80% and got the 3 lvl8 insigs and 100 cc 5’s with 2 coins :D
Comment from : Visionz


Marschmelo
Just got ripper from a free Roll
Comment from : Marschmelo


Leo Plays
I bought 4 lvl 9 insignia packs and got Saints Favor 3 times 😑
Comment from : Leo Plays


Rossmann
Was u not going to take a brake from this game? huh
Comment from : Rossmann


Djsplashops
Jt have u got a discord?
Comment from : Djsplashops


Equinsu Ocha!
Board game get puzzle pieces
Comment from : Equinsu Ocha!


PersonXs
Rolled 900 gems after watching this video - got dove keeper on my f2p lol
Comment from : PersonXs


SploovGaming
Can't u open up your here card prime 3 for an Athene, or do you need to hire with gems for hero collector?
Comment from : SploovGaming


Lanlowly Lowly
Give me gems;(
Comment from : Lanlowly Lowly


potato grade gaming and rants
I got an 80 % on my ftp but it was all of the event coin rewards
Comment from : potato grade gaming and rants


Patel Kathan
Bro i got phobos from 150 gem roll.......and there was hero collector.....but my unluck......there was occultis instead of phobos in hero collector...😙😭😭😭😭😱
Comment from : Patel Kathan


Stillinya is Stillinur
Board game should be 3 days at minimum
Comment from : Stillinya is Stillinur


Daniel Nazario
Castle clash is so wack now I barely play it😴i only get on the game to complete lbf, gw, or to collect sign in rewards
Comment from : Daniel Nazario


Caleb Dietz
I got demogorgon on the first board game dash so clutch on the f2p
Comment from : Caleb Dietz


Youningz
I got 158 of that dragon







Edited: on my f2p to

Comment from : Youningz


Jpete Tank
I know ur never gonna believe this but I rolled Phobos this morning from my free roll and now he’s 160 with darkest night and I screamed and dropped my phone and pinched myself
Comment from : Jpete Tank


Fu Junn
i got 500 apex crystal in board game dash
Comment from : Fu Junn


ymir ???
managed to get phobos from a 150 hero roll, what talent and insignia should I use for this hero?
Comment from : ymir ???


The Tazman
So this is what JT calls "taking a break" for a few minutes?
Think he realises his cc vids are where the money is at in terms of views. Don't think he'll quit anytime soon
Good to see you're still playing cc :)

Comment from : The Tazman


Dylan Brown
Wtfff I got athene on android today but on android😐
Comment from : Dylan Brown


Brock Dodd
I got a triple legend with Phobos in it if u don’t believe me my line is is LOKI Skippy I have screenshot
Comment from : Brock Dodd


Cristian Azcona
I got demo on my f2p
Comment from : Cristian Azcona


Hunter McCormick
I got the lvl 9 insignia from board game bash and 70% on discount store for another 4
Comment from : Hunter McCormick


NightRealmGG
i got 80 % in discount store twice in a row
Comment from : NightRealmGG


ALB qqsaeedqq
Wtf is wrong with the insignia too good with the rewards wish that with android
Comment from : ALB qqsaeedqq


Pro Aidean
I got demo from board game bash
Comment from : Pro Aidean


Yehya Baghdadi
After the survey they made it more unfair for Android
They made it 15 castle chest 5 for 8k gems but we don't have the board game bash

Comment from : Yehya Baghdadi


LovixXoXo Fire
:( I got phobos but no phobos getting reward on android server
Comment from : LovixXoXo Fire


Neska Berry
1000 gems for 100 mastery3s tf.
Comment from : Neska Berry


Antonio Velicu
Man it's not ok ,ios rewards it's way better than android ,you can get 100 mastery esence with 1k gems!...
Comment from : Antonio Velicu


Marko Adzic
Can you ask fucking igg to update Android server because i cant watch anymore how you are getting MUCH MUCH better thinks for same amount as Android. I hate to see it. I LOVE that this game i is dying just because of servers
Comment from : Marko Adzic


CoffeeMeteor48
Yo JT I got 90% on the discount store and bought 4 lv 9 insignias and got 5000 Zenith and 10000 Inginiting stones
Comment from : CoffeeMeteor48


Dean Signorini
Where are the videos for your second F2P account
Comment from : Dean Signorini


Valdrin Latifi
On Android server there is just one lvl 9 insignia in discount store I got -70% I bought it and got Revitalize
Comment from : Valdrin Latifi


in it for the lol's
I got phobos on an account that i don't even use
Edit: it was a free roll to boot

Comment from : in it for the lol's


[GD] TinyXD
Board game bash isn't even on Android and the Discount store on android has been buffed so little that its not even comparable with IOS.
Comment from : [GD] TinyXD


Mr Mike
Hey JT is egg hatch a thon worth it anymore? Doesn't seem like it since they changed rewards
Comment from : Mr Mike


Areagamer51 ENT
Bro android didn't even get the bord bash bash game wen ios dose. And wen they do only for one day
Comment from : Areagamer51 ENT


L U C I F E R
WTF?! You get 4 Insignia bags for 10 coins? That's soooo bullshittery. On Android - it's 1 for 10.


I did get it - bc the first time I had 50% and I was like, ok - and I got stealth, which is amazing, bc it went on my Commadora who had a lvl 8 Stealth, but that's so bullshittery

Comment from : L U C I F E R


Corbin Moses
80% discount and a Demogorgon!
Comment from : Corbin Moses


Nemesis_duke
I am free2play on iOS and i got 2 Level 9 Insignia bags from the puzzle game and one Level 9 Survival und Level 9 unholy pack came out
Comment from : Nemesis_duke


Td1zzle
Click-bait
Comment from : Td1zzle


ShugaryZV
Dude on the Android server occultist was in the hero colector and I snatched him up with 1200 gems!!!
Comment from : ShugaryZV


Kat Shana
Pero que 😱😱
Comment from : Kat Shana


Antonio Licout
Ly it
Comment from : Antonio Licout


galapagoose02
I got acultis for free
Comment from : galapagoose02


Tanzu
Bruh why is IOS's Discount store SOOO much better than Androids???? Thats some bs man.
Comment from : Tanzu


Offender
Everytime i watch your videos i just get dragged again to castle clash, just doenloaded and finally got vlad dracula, storm eater, and like 3 other strong heroes with 7k gems!
Comment from : Offender


Offender
Everytime i watch your videos i just get dragged again to castle clash, just doenloaded and finally got vlad dracula, storm eater, and like 3 other strong heroes with 7k gems!
Comment from : Offender


Polsky PL
Lol, android has 3k zenith for 12 coins and 1 lvl 9 bag for 15 coins, and feels bad for the game bash, those 5 chests... Great vid!
Comment from : Polsky PL


Christopher Y
I guess CC just milking everyone. What is the point CASTLE CLASH 2 is coming soon.
Comment from : Christopher Y


abc abc
Android only has trash
Comment from : abc abc


Noah Roman Miralles
First
Comment from : Noah Roman Miralles


Hero Killer {Stain}
damn jt you're so lucky😪
Comment from : Hero Killer {Stain}


Ariel
Didn't u say you're taking a break?
Comment from : Ariel


michel
Oi
Comment from : michel



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