Japan Will Call G20 to Actions Against Money Laundering via Cryptocurrencies

Published on 13 Mar. 2018

Japan plans to use the summit of the Group of 20 (G20) that will take place next week, to call upon the common regulatory measures on the fighting the use of cryptocurrencies in money laundering.

The news became known from the Reuters reports with reference to the official who objectively evaluates the situation. The point is that the possibility of coming to the agreement and concluding on the single international rules is quite low since various countries regard cryptocurrency regulation differently.

The common thought among the G20 members is that the application of too strict rules will not be useful

— stated the official.

G20 summit will take place in Buenos Aires on the 19th and 20th of March.

If Japan calls for adopting joint actions on cryptocurrencies, it is likely to be supported. It is known that the USA minister of finance Steven Mnuchin claimed that he plans to raise a question on cryptocurrency regulation during the future G20 summit as far as the beginning of February. As well as the representatives of Japan, he talked about using cryptocurrency for money laundering and other illegal actions.

On February 9, high-ranking officials from France and Germany called the Group of 20 to discuss the joint actions concerning cryptocurrencies. In the letter to the Argentinean government that is leading at G20 at the moment, the French minister of finance Bruno Le Maire, the German minister of finance Peter Altmaier, and leaders of corresponding central banks expressed their concerns about the risks of investing in cryptocurrencies. 

More news

Law Project on Taxation of Virtual Asset Operations Was Registered in Verkhovna Rada

“What is cryptocurrency? There are quite a few approaches in the world. Somebody considers it as goods, a digital gold, the new MMM, others think differently,” - Oleksii Mushak, the Ukrainian people’s deputy wrote on his Facebook page.

17 Sep. 2018

Undeclared Mining Equipment Was Extracted at Ukrainian Customs

On Thursday, September 13, the State Border Service of Ukraine exposed the citizen of Germany who tried to import undeclared mining devices. The incident happened on the Ukrainian-Polish border crossing point “Krakivets,”

14 Sep. 2018

The World’s biggest blockchain summit series is coming back to Dubai this October

More than 1000 delegates were in attendance at the 2017 Dubai edition, which gathered key international blockchain experts, government policy makers, and also witnessed a presentation on Dubai’s Blockchain Strategy.

11 Sep. 2018