in

G20 to Establish Crypto AML and Counter-Terrorism Financing Regulations in June: Report


G20 member countries will meet to discuss international cryptocurrency Anti-Money Laundering (AML) regulation on June 8 and 9 in Fukuoka, Japan. The news was revealed in a report from local news outlet Kyodo on April 4.

Per the report, and in accordance with official plans, G20 central bank governors and finance ministers will take part in the meeting. The event will be focused on establishing a framework to combat crypto-enabled money laundering and terrorism financing.

Further, according to the Kyodo, it is expected that “it was revealed” on April 4 that the countries are expected to reach an agreement over new regulations during this meeting. The report states that the main aim is anti-anonymity. Namely, the group is reportedly looking to establish stricter identification of individuals transacting in crypto at the moment of transaction, to keep asset flow transparent.

As Cointelegraph reported in December last year, the G20 countries have already called for “a taxation system for cross-border electronic payment services” as well as regulation to combat money laundering. It has been reported at the time that the member countries, which then gathered in Argentina, would consider the issue during this year’s meeting “when Japan will be the president of the summit.”

In March, the founder and CEO of United Kingdom-based digital banking app Revolut publicly denied allegations of a money laundering-related breach and negligence by the company.





Source link

What do you think?

0 points
Upvote Downvote

Comments

Leave a Reply
  1. It’s perfect time to make a few plans for the future and it’s time to be happy.
    I have read this submit and if I could I desire to suggest you
    some interesting issues or suggestions. Perhaps
    you could write next articles relating to this article. I want to learn more issues about it!
    I have been surfing online more than three hours today, yet I
    never found any interesting article like yours. It is pretty worth enough for
    me. In my view, if all website owners and bloggers made good
    content as you did, the net will be much more useful
    than ever before. I am really impressed with your writing skills and also with
    the layout on your blog. Is this a paid theme or did you customize it yourself?

    Anyway keep up the nice quality writing, it is rare to see a great blog like this
    one these days. http://foxnews.net/

  2. Greetings, I do think your site could possibly
    be having internet browser compatibility problems.
    Whenever I look at your web site in Safari, it looks fine
    however, when opening in Internet Explorer, it has some overlapping issues.

    I just wanted to provide you with a quick heads up!
    Aside from that, wonderful website!

  3. Thanks for sharing excellent informations. Your web
    site is so cool. I am impressed by the details
    that you’ve on this website. It reveals how nicely you
    understand this subject. Bookmarked this website page, will come back
    for more articles. You, my pal, ROCK! I found simply the
    information I already searched all over the
    place and just could not come across. What a great web-site.

  4. Hey there! I know this is kind of off topic but I was wondering if you knew where I
    could get a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m
    having difficulty finding one? Thanks a lot!

  5. Hi there, I found your site by way of Google even as looking for a related topic, your website got here up, it seems great.
    I have bookmarked it in my google bookmarks.[X-N-E-W-L-I-N-S-P-I-N-X]Hello there, just was aware of
    your blog through Google, and found that it is really informative.
    I am gonna watch out for brussels. I’ll be grateful in case you continue this in future.
    Many folks will be benefited from your writing.
    Cheers!

  6. I think this is one of the such a lot significant information for me.
    And i am glad studying your article. But want to statement on few
    general issues, The web site style is wonderful, the articles is actually excellent :
    D. Good task, cheers.

  7. Awesome blog you have here but I was curious if you knew of
    any user discussion forums that cover the same topics talked about here?
    I’d really like to be a part of online community where I can get responses from other knowledgeable individuals that share the same interest.

    If you have any suggestions, please let me know.
    Appreciate it!

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Comments

0 comments

Bitcoin Holds $4,000, British Pound Loses to USD as Brexit Anticipation Grows

Bitcoin Climbs Over $5,100 as Top Cryptos See Solid Gains