EU Report Calls for Blockchain Interoperability Standards

A recent report to the European Union made recommendations on how to better develop blockchain technology, including the introduction of interoperability and scalability standards. The report was published by the European Union Blockchain Observatory and Forum on March 6.

The report dubbed “Scalability, Interoperability And Sustainability of Blockchains” was prepared by blockchain tech firm ConsenSys on behalf of the European Union Blockchain Observatory and Forum.

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G20 Hears Out Multiple Crypto Reports in July, Waiting for FATF to Test Its Standards by October

The G20, after it was called upon by France’s finance minister Bruno Le Maire to have a public debate about cryptocurrencies at the G20 Summit in Buenos Aires, made strides towards a global front for regulation of digital currencies.

Those strides could however be only considered baby steps as, at the conclusion of a meeting of the finance ministers in March it was decided that July would be the deadline for “very specific recommendations.”

The recommendations were not about what to regulate,

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G20 Asks FATF to Clarify AML Standards for Cryptocurrencies

Economy & Regulation

Financial ministers and central bankers from the G20 states met over the weekend in Argentina to discuss the challenges for the global economy. They reiterated their position that cryptocurrencies do not pose a risk to the financial stability. The officials also called on the Financial Action Task Force to clarify by October how its anti-money laundering standards apply to crypto-assets.   

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