Following their joint declaration committing to regulate crypto assets, the G20 countries are now preparing to set crypto policies at the upcoming summit. Several international organizations have contributed resources and are actively working to help shape the regulations.
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G20 Prepares to Discuss Crypto Policies
The upcoming G20 summit will be held in Osaka, Japan, on June 28 and 29. Participants are 19 member countries, the European Union, guest countries and a number of international organizations. Following the members’ joint declaration committing to regulate crypto assets for AML and CFT purposes, several standard-setting bodies have contributed resources to help the G20 set crypto policies. According to Japanese media, the countries are expected to agree upon new crypto-related regulations at the summit.
The G20 has reaffirmed its support for the Financial Action Task Force (FATF) as “the global anti-money laundering, counter terrorist…