According to a recent report, Japan will be sharing her views concerning the regulation of virtual currency with finance ministers and governors of central banks from other G20 nations during the upcoming summit which is expected to take place in June in the country. Cryptocurrency regulators in Japan reportedly have a regulatory solution which is plans to share with the G20 nations.
Japan Released a Regulatory Handbook for G20 Nations
Japan has been identified as one of the most active countries in terms of crypto adoption and inclusion. The acceptance of virtual currency as a means of payment has been legalised in the country. Also, a handbook has been released by Japanese regulators which “each [G20] country can use for regulations, such as measures to prevent the outflow of virtual currency.”
“International rules are being developed to prevent money laundering and terrorist financing, with virtual currency restrictions in place,” it continued
It further states that: “On the other hand, there…