After calls from world leaders in the G20 over the past year, specifically France’s Finance Minister, Bruno Le Maire, who in December 2017 requested the G20 look into regulating price manipulation of bitcoin specifically; members of the G20 have called for unity in crypto asset regulation and taxation this past weekend in Buenos Aires.
One aim is to build a collaborative taxation system to deal with cross-boarder electronic payment systems. The issue is set to be discussed again next year when Japan hosts the G20, with a plan to have something solid in place by 2020, once all twenty participating countries have had input. Also agreed was to direct G20 nations dealing with crypto assets to guidance under the inter-governmental body of the Financial Action Task Force (FATF). The guidelines counteract terrorism financing and money laundering however not all G20 nations are part of FATF.
Crypto assets and their regulation remain firmly on the table and are not getting put away any time soon.