G20 Plans to Establish Crypto AML and Counter-Terrorism Financing Regulations By June

Admin || APRIL 7, 2019

The G20 member countries have plan to meet to discuss international cryptocurrency Anti-Money Laundering (AML) regulation on June 8 and 9, 2019 in Fukuoka, Japan. according a report from local news outlet Kyodo on April 4.

In 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.

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