Global Crypto AML Rules Enforcement Initiated by Japan to be Discussed at G20 Su

[Goodcat49]

Japanese government will initiate a discussion at the G20 annual summit in Buenos Aires on March 19-20 to develop a unified anti-money laundering (AML) plan for cryptocurrency markets.

The concern over a “loophole” giving money launderers the ability to cheat the system would get precedence over creating a framework involving regulations for the cryptocurrency market. A Japanese official stated: “Discussions will focus on anti-money laundering steps and consumer protection, rather than how cryptocurrency trading could affect the banking system.” Also, he cited that “applying too stringent regulations won’t be good.”

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/global-crypto-aml-rules-enforcement-to-be-discussed/