• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • CryptoSphere, Wrocław (February 4, 2023)
    • TMRW, Dubai (February 8-10, 2023)
    • Blockchain Fest, Singapore (February 16-17, 2023)
    • Blockchain Economy Summit, London (February 27-28, 2023)
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Paris Blockchain Week on March 20-24, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Japan calls for joint cryptocurrency regulation to combat money laundering

March 13, 2018 By Vitali Maldashou

Japanese authorities have emphasised the need for international laws governing digital money to decrease a risk of money laundering.

During the upcoming G20 summit next week Japan will try to sway other countries to come up with joint measures regulating the cryptocurrency market, reports Reuters. Japanese officials will urge to develop a common regulatory framework, that will take into account country-specific approaches in countering money laundering.

“Discussions will focus on anti-money laundering steps and consumer protection, rather than how cryptocurrency trading could affect the banking system,” said one of the officials.

The majority of G20 members, he noted, do not consider applying too stringent rules to cryptocurrencies. The Japanese government doesn’t believe in choking the industry, but rather limiting illicit activities due to a lack of regulation.

The finance ministers and heads of central banks from 20 leading economies will convene in Argentina on March 19-20. Regulating cryptocurrency markets will become the underlying theme of the summit.

Government regulation of the industry by key states can affect the price of most cryptocurrencies. In January, when South Korea’s finance minister reported that virtual money could be banned in the country, the crypto market capitalisation dropped nearly twice, hitting its lowest of $279 billion on Feb 6.

On March 13, the average market price of largest cryptocurrencies is sliding down. Bitcoin, Ethereum and Ripple shed 4% of its value in the last 24 hours, while Bitcoin Cash and Litecoin decreased 5%. Among the top-10 coins only Cardano is trading in the positive territory, up 1.2%

Filed Under: General News, News Tagged With: cryptocurrency, G20, Japan, news, regulations

Primary Sidebar

Follow Us

Press Releases

Blockchain Expo is returning to California

January 27, 2023

India’s first web3 app store, kicks off Dapps Bharat Tour with Mumbai

January 27, 2023

Shiba Inu (SHIB), Dogecoin (DOGE), and Orbeon Protocol (ORBN): The Coins Taking the Crypto World by Storm

January 26, 2023

Maple expands offerings on-chain, building on its institutional capital network

January 25, 2023

Solvo Finance Announces Integration with Fireblocks

January 25, 2023

Cryptosphere

TMRW

Blockchain Fest Singapore 2023

Blockchain Economy London 2023

PBW 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter