The heads of the G20 countries called for international taxation cryptocurrency

At the Summit in Buenos Aires, the G20 chapters discussed the creation of an international system of taxation cryptocurrency, and their regulation to counteract money laundering.

The text jointly compiled by the leaders of the document states the importance of an open financial system for further economic growth and the need to create a tax system for cross-border electronic payment services. Representatives of «Big Twenty» stated that they are intensifying efforts to increase sustainability in the sphere of non-bank financial intermediation.

Countries agreed to return to the consideration of the issue in 2019, and by 2020 coordinate the final rules. The document says that participants are interested in creating favorable conditions for strengthening the potential benefits from the implementation of the financial sector technologies and reduce risks in this area. To do this, they plan to apply FAT / FT standards, as well as other norms if necessary.

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