Abstract : The plenary examined and approved the FATF research report on "stable currency" which was intended to submit to the G20.
According to the official website of the People's Bank of China, the Financial Action Task Force (FATF) of the International Anti-Money Laundering Organization held its 31st 3rd plenary session in video format on the 24th. Yi Gang, the governor of the People's Bank of China attended and delivered a speech.
Yi Gang said that during the time when China was the president country, FATF has completed a series of achievements, including the prevention and control of the risk of virtual assets and "stable currency".
Also, it issued digital identity guidelines, improved regulatory effectiveness, cracked down on illegal wildlife transactions, strengthened the FATF global network and boosted FATF strategic review to make significant progress. All of these can be considered as great achievements.
In addition, the plenary examined and approved the FATF research report on "stable currency" which was intended to submit to the G20. The report confirms that the FATF recommendations apply to "stable currencies" and calls on different countries to attach great importance to the risk challenges of "stable currencies" and virtual assets.