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The G20 will set up a law to prevent money laundering and terrorist financing from crypto currencies in June: a report

G20 members will meet to discuss international money laundering (AML) regulations in cryptokurura on June 8 and 9 in Fukuoka, Japan. The news is given in a report by local newspaper Kyodo on April 4.

According to the report, according to official plans, the meeting will be attended by governors of central banks and finance ministers G20. The event will focus on setting up a framework for combating money laundering and terrorist financing, which will enable crypto currencies.

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In addition, according to Kyodou, it was expected that "on April 4th" will be revealed that the countries at that meeting will reach an agreement on the new regulations. The report states that the main objective is anti-anonymity. Namely, it is reported that the group is trying to establish a more stringent identification of individuals who carry out cryptotherapy at the time of the transaction, in order to keep the flow of assets transparent.

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According to Cointelegraph's report in December last year, G20 countries have already asked for a "tax system for cross-border electronic payment services", as well as the anti-money laundering regulation. It has been reported that member states, later met in Argentina, will consider this issue during this year's "meeting with Japan Summit Summit".

In March, founder and CEO of Revolt, the UK digital banking application, publicly denied allegations of breach and neglect for money laundering by the company.

You may be interested: CEO of Revolut rejects allegations of negligence and breach of money laundering

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