Japan to Call for G20 Action on Crypto Money Laundering
Japan is reportedly planning to use the G20 meeting next week to call for combined efforts to combat cryptocurrency use in money laundering.
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.
The Financial Action Task Force reportedly aims to develop compulsory rules for the world's cryptocurrency exchanges.
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.