At the G20 summit, cryptocurrency regulation included among the most important issues

The countries of the so-called “Big Twenty” or the G20, have included the regulation of relations in the cryptocurrency industry and the blockchain in the list of the most important directions in politics.

According to Asian media, the G20 parliaments recommended that their governments consider the global regulation of the cryptocurrency industry during the summit in Osaka, Japan.

This step is necessary because the Financial Action Task Force (FATF) expressed concern in the spring of this year due to the growing use of cryptocurrencies in criminal activities.

The Osaka summit will take place on June 28-29, it is already known that not only delegations from the G20 countries, but also organizations representing the blockchain industry will participate in this event.

During the negotiations, the largest economies of the world should consider options for the global regulation of relations in the cryptosphere and develop mechanisms to prevent the criminal use of tokens.

In addition, the G20 governments will be faced with the question of introducing financial and technological innovations, which are often also not controlled by anyone, which leads to their semi-legal existence.

The Osaka G20 Summit could be a landmark event for the entire cryptocurrency industry, observers are confident, since Japan is one of the few countries that already regulate this sector of the economy.

Publication date 19/06/2019
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