THELOGICALINDIAN - The Commonwealth is a autonomous affiliation of 53 absolute and according absolute nations that has formed a Commonwealth Virtual Currencies Working Accumulation to altercate bitcoin and its abeyant appulse on their economies Most of the nations in this accumulation were aforetime beneath British aphorism but it includes some of the worlds better aboriginal richest and atomic countries spanning bristles regions
Commonwealth countries are accurate by an alive arrangement of added than 80 intergovernmental, civilian society, cultural and able organisations. The virtual currencies specialist group is fabricated up of associates of the Commonwealth Secretariat, Australia, Barbados, Kenya, Nigeria, Singapore, Tonga and the UK, calm with the IMF, World Bank, Interpol and the United Nations Office on Drugs and Crime (UNODC).
This affair is set to booty abode from August 24-26 in London and will put added focus on ombating cybercrime and developing added able-bodied measures to administer these basic currencies.
“Recognising both the associated allowances and risks, the accumulation will accommodated to architecture abstruse advice for affiliate states on abeyant authoritative and aldermanic measures to finer acknowledge to basic currencies,” said a agent from the Commonwealth Secretariat in an account with CoinDesk.
“The affair will additionally be an befalling to apprehend from a ambit of experts about the latest developments in the sector,” she added. “Participants will additionally allotment allegation from a contempo Commonwealth analysis which shows avant-garde use for accepted business opportunities but additionally warns an absence of regulations is exacerbating bent exploitation.”
The accident will additionally affection Alden Pelker of the FBI’s Money Laundering Intelligence Unit and Joe Mignano of the US Department of Justice, amid others. Accident participants will analyze the risks associated with basic currencies, the absolute acknowledged frameworks, authoritative responses and abeyant allowances of use in developing countries.
