Japan’s financial regulators are getting more aware of the non-stoping growth of crypto thefts, security breaches, etc. in the crypto space. To protect investors and crypto-related people, Japan calls for discussing new rules of crypto regulation at the forthcoming G20 Summit.
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The G20 Countries Are Going to Release a Crypto Regulation to Fight Money Laundering
According to the Nikkei Asian Review, the Financial Services Agency (FSA) is considering enacting new restrictions and rules so that Bitcoin exchanges confirm their clients’ identities to prevent money laundering and crypto thefts.
Moreover, the FSA plans to examine all Japan’s anti-money laundering protocols this fall, as hacking scandals do not calm down. The below picture shows you the recent major crypto thefts.
G20 Summit will take place in Osaka on June 28 and 29. Let’s wait and see what decision the most powerful countries will make.
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