Japan’s financial watchdog is said to be inspecting crypto exchanges over anti-money laundering measures ahead of June's G20 meeting.
G20 leaders declared that they would regulate crypto to mitigate financial crimes in a statement after this weekend's summit.
Increased regulation, as long as it is done with industry cooperation and the aim of de-risking the broader market, will hasten blockchain adoption.
G20 member countries are looking at an October deadline for reviewing and implementing a global AML standard on cryptocurrency assets.
The global Financial Stability Board has published its expected framework for monitoring risk in the cryptocurrency markets.
The Financial Action Task Force reportedly aims to develop compulsory rules for the world's cryptocurrency exchanges.
The world's economic leaders are seeking a globally coordinated policy on cryptocurrencies. This could take a while. But that may be just as well.
Argentina's Central Bank chairman, Frederico Sturzenegger, said the G20 members are looking for "specific recommendations" on cryptocurrencies.
A group of central bank regulators and government ministers said Sunday that cryptocurrencies don't pose a risk to global financial stability.
Cryptocurrencies are "an important item" on the agenda for next week's G20 summit, documents show.