The cryptocurrency regulation debate is expected to be at the center of the upcoming G20 summit where representatives from various countries will evaluate the new legal action course that has been proposed by the International Financial Action Task Force. The FATF is expected to release the proposals for new international standards governing cryptocurrency business on June 21.
Blockchain Representatives at G20 Event
The summit has the support of legislators and it is expected to have on board Virtual Asset Service Providers (VASP) as well as national blockchain associations. This summit will run concurrently with the G20 summit that is scheduled between June 28 and June 29 in Osaka, Japan. It seems almost like a step forward that the summit is held in Japan, which is currently the only country with a legal framework for regulating cryptocurrencies.