Japan requires cryptocurrency regulation review at G20 Summit
As the host country, Japan has the right to form the agenda of the meeting. It is noteworthy that as one of the points for discussion by the heads of financial departments of the G20, a proposal will be submitted on the formation of the basic principles for regulating the cryptocurrency market.
The Japanese government seeks to create all the conditions for effective negotiations on the creation of international rules for controlling digital assets. Tokyo strongly disagrees with the current situation, when in some countries there is a strict regulatory policy regarding the work on the cryptocurrency market, while other G20 countries are only eyeing the emerging market.
The government of Japan has developed its own set of proposals and rationales for managing cryptocurrency, in particular, concerning exchanges. Japanese financiers pointed to the need to create:
- Systems that protect customer assets
- International security protocols
- Systems that provide customers with information – particularly in the event of a hack
The proposed rules describe, as an example, two large computer hacks, this happened in Japan last year: first, Coincheck in January was a watershed moment for Japanese exchange policy and Zaif in September got resulted in sweeping legislative changes. At the same time, the developers of the standard report that these events have led to a fundamental change in the policy of the country's regulators in relation to the control of cryptocurrency exchanges. Earlier, the G20 countries consulted and developed preliminary recommendations for creating a regulatory digital industry.
22 April, 2019 17:11
← Volkswagen introduces blockchain system
On April 18, the Volkswagen Group issued a press release announcing that it had entered into open industry cooperation in the field of mining. According to the information, these minerals should be placed on the blockchain system. It is reported that the platform built on the IBM blockchain will help increase efficiency, sustainability and transparency in global supply chains of minerals.
22 April, 2019 13:21
John McAfee knows who is Satoshi Nakamoto →
The question of the true identity of the famous Satoshi Nakamoto has been a heated debate for several years now. Many people in the cryptocurrency industry say that their name and surname are behind this popular pseudonym. However, no one could prove it. computer programmer and businessman, John McAfee, got involved in a dispute about the creator of Bitcoin. Apparently, he knows about the personality of Satoshi Nakamoto more than other crypto experts.
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