Japan at the upcoming G20 summit, plans to encourage countries of the big twenty in joint efforts to combat the use of cryptocurrencies for money laundering.
According to news Agency Reuters, according to an unnamed official with knowledge of the situation, the likelihood that the G20 will be able to join together to create new international rules since different countries approach the regulation of cryptocurrency in a variety of ways. Despite the fact that certain common points in the positions of different countries still exist.
The General opinion was circulated to the member countries of the G20 is that too strict rules would not affect this industry in a positive way.
The G20 meeting will be held in Buenos Aires from March 19 to 20.
February 9, senior officials from France and Germany also called on member countries of the G20 to discuss joint actions in the sphere of cryptocurrency.
In a letter to the Argentine government, which currently holds the presidency of the G20 – French Finance Minister Bruno Le Meir, Minister of Finance of Germany Peter Altmaier and the heads of relevant Central banks, expressed concern about the risks posed by crypto currencies for investors.
A week earlier, the U.S. Secretary of the Treasury Steven Mnuchin also said he will raise the topic of cryptocurrency regulation at the upcoming G20 summit. Like Japan, he raised the issue of the use of cryptocurrency in money laundering and other illegal activities.