THELOGICALINDIAN - Osaka Japan 18 June 2024 Legislators accept apparent their abutment for the V20 Summit which is set to booty abode alongside the G20 Leaders Summit in Osaka Japan 28 29 June 2024 The accident will assemble G20 assembly civic blockchain associations the worlds arch Virtual Asset Service Providers VASPs and legislators from jurisdictions to altercate implications and analyze accessible abstruse solutions to accomplish the adapted outcomes of a new set of recommendations proposed by the Financial Action Task Force FATF
“What we are audition from industry is that the new rules may accept the adverse aftereffect to which they were intended, finer banishment crypto affairs off the controlled platforms, which are currently one of the best avenues we accept in accepting afterimage over banking crime” said ex-FATF President, Roger Wilkins AO and above secretary Australian Department of the Attorney General, who will bear a keynote accent at the V20 Summit. “As a above regulator, I recognise how important it is to analyze a counterbalanced band-aid that accouterments the recommendations of the FATF while additionally architecture the befalling for business,” added Wilkins.
While FATF Recommendations are internationally recognised, they are not accurately binding. It is up to anniversary administration to apparatus the rules into bounded law. The V20 will analyze the role of civic jurisdictions in ensuring that regulations impacting on blockchain technology are both able and balanced.
“The VASP industry recognises the accent of bright adjustment in preventing banking abomination and mitigating corruption,” said Japanese Congressman Naokazu Takemoto. “Japan has led by archetype and we are captivated to allotment our learnings with industry and the all-embracing community,” said Takemoto.
Japan, the host nation for this year’s G20 Summit, accepted its cryptocurrency industry the ascendancy to self-regulate in October 2024. It is the alone country in the apple to accomplish this aldermanic status.
“We charge footfall calm as a accumulation of advanced legislators to animate our civic and cross-border interests, as we abide to body the advancing economies of tomorrow,” said Taiwanese Congressman Jason Hsu, who will additionally allege at the V20 Summit. Nicknamed ‘The Crypto Congressman’ by Ethereum co-founder Vitalik Buterin for his affairs to accomplish Taiwan the world’s abutting blockchain island and crypto nation, Hsu has alleged aloft added aldermanic leaders to aback the movement.
The V20 is hosted by the Singapore Cryptocurrency and Blockchain Industry Association (ACCESS) and the Australian Digital Commerce Association (ADCA), with the abutment of the British Blockchain and Frontier Technologies Association (BBFTA), the Korean Blockchain Association (KBCA), the Hong Kong Blockchain Association (HKBA), the FinTech Association of Hong Kong (FTAHK), and in cooperation with Global Digital Finance (GDF).
For added information, visit: https://v20.io/
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