World leaders will gather in Osaka as Japan hosts its first ever G20 summit on June 28 and 29. Ahead of the summit is a G20 Finance Ministers and Central Bank Governors Meeting which is taking place on June 8 and 9 in the Japanese city of Fukuoka. Besides the G20 countries, there are invited guest countries and international organizations that will be participating including the United Nations, the International Monetary Fund, the World Bank, and the World Trade Organization. Cryptocurrency, regulations, and how users should be protected in the new financial system are being discussed at the conference this weekend, according to local media.
It'll be interesting to see whether the fact that this event being hosted in Japan will have any positive impact - given the fact that Japan is one of the more forward thinking countries when it comes to bitcoin regulation.
More likely than not though, the conclusions that the G20 is going to arrive at is that there needs to be tighter AML/KYC standards, which has been a trend in the past few years, as opposed to a loosening of this.
But at the end of the day, what the G20 discusses is really irrelevant unless this is all written down in each of the country's legislation and regulations. It's more of a reference for policy makers.
