Ben T. Smith IV, a longtime Silicon Valley executive and currently head of the Communications, Media and Technology practice at Kearney, speaks to Global Finance about the post-SVB venture capital industry and the pace of innovation.
Many of the world's richest countries are also the world's smallest: the pandemic and the global economic slowdown barely made a dent in their huge wealth.
Global Finance editor Andrea Fiano interviews Ásgeir Jónsson, Central Bank Governor of Iceland during Global Finance's World's Best Bank Awards at the National Press Club in Washington, DC on October 15th.
To help combat money laundering, the G20’s Financial Action Task Force (FATF) has long had an interest in enacting crypto-focused legislation.
Recently, during an interview with the Financial Times, FATF president Marshall Billingslea stated that a new global standard for the fight against money laundering was in the final stages. This global standard could be released as early as November, during the FATF plenary assembly.
Still, Billingslea said, “You can’t tilt too far in one direction or another with regulation since blockchain will continue to evolve.”
It makes strategic sense to fill gaps in national regulations. However, a global set of standards will need to be applied in all G20 countries.
The FATF is working to find some form of common consensus among all G20 countries. However, it doesn’t have the authority to impose regulations on member countries. A global standard means countries will have to adapt the laws independently.