Does the G20 have the political will to enforce cryptocurrency money laundering and anti-terrorism measures?

Colleagues, following the conclusion of last week’s G20 meeting in Argentina the non-binding governmental body issued a position paper entitled “Building Consensus for Fair and Sustainable Development.” Chief among its statements was the position that “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.” FATF, the Financial Action Task Force, defined a number of areas of focus, including strengthening the institutional basis, governance and capacity of FATF, FATF's work on virtual assets, countering the financing of terrorism, and countering the financing of proliferation of weapons of mass destruction.  The bottom line: Despite the written statements referenced above, we raise serious doubts that the G20 - especially Russia, China and Saudi Arabia – lacks the political will to implement the intent of this decree. Rather, we see an a la cart approach to enforcing FATF policies “if and when” they are advantageous to each nation. Share a comment while visiting us today! Lawrence – Cyber Security Defender (https://cybersecuritydefender.blogspot.com/)