The "Group of Twenty" (G20) countries will meet in Fukuoka, Japan, on 8-9 June to discuss international rules on the fight against money laundering in the cryptocurrency sector.

According to local Kyodo media, bank managers and finance ministers from G20 countries will attend the meeting. The event will aim to define the fundamentals of the fight against money laundering and the financing of terrorism.

In addition, countries are expected to reach an agreement on new rules in June, the main objective being the de-anonymization of cryptocurrency transactions. In particular, the G20 participants want to establish strict identification rules for people carrying out cryptocurrency transactions, making "moving assets more transparent", thus avoiding illegal transactions.

Moreover, as cryptocurrency transactions are virtually anonymous in practice, the G20 countries suspect North Korea of ​​stealing cyberattacks and using it as a source of financing. Although the G20 will certainly not include this in the statement, this meeting also aims to prevent North Korea from escaping economic sanctions.

In December 2018, at the end of the last summit, the G20 countries had stressed the need to regulate cryptocurrencies and called for the establishment of a unified system of taxation of cross-border payment services, as well as a stricter regulation in the area of ​​AML (Anti Money Laundering), that is to say, the fight against money laundering. At the same time, Argentina had decided that this issue would be discussed at the meeting in Japan.

Note that earlier in October, a report from the Financial Stability Board (FSB), which advises the G20 and which is supported by the Bank for International Settlements (BIS), indicated that digital currencies do not threaten the stability of the world financial system.