Crypto took the limelight at the G20 Riyadh 2020. The Finance ministers and governors of central banks of the ‘Group of 20’ have once again reiterated the need to implement the Financial Action Task Force (FATF) guidelines on cryptocurrencies. Members concluded that it was in the interest of the countries to comply with FATF regulations to put a full stop to money laundering and terror financing modules. The official statement of G20 Riyadh 2020 further mentions that ‘global stablecoins’ must undergo rigorous testing before their launch to evaluate the associated risks. The concerns must be addressed suitably so as not
