Japan to Urge G20 to Prevent Money Laundring via Crypto

Unnamed source in Japanese government doesn't believe that the G20 financial leaders will issue a joint communiqué on the general rules for digital currencies
13 March 2018   109

According to Reuters, referring to an unnamed government source, Japan plans to call on the G-20 leaders to adopt general rules on cryptocurrency, in particular, in order to prevent their use in money laundering.

However, the official with whom Reuters spoke doesn't believe that the G20 financial leaders will issue a joint communiqué on the general rules for digital currencies, as each G20 member country has its own views on how to resolve this issue.

Discussions will focus on anti-money laundering steps and consumer protection, rather than how cryptocurrency trading could affect the banking system.The general feeling among the G20 members is that applying too stringent regulations won’t be good.

Unnamed Reuters' Source

The finance ministers and heads of central banks of the G20 countries - an organization that includes the world's largest economies - should meet at a summit scheduled for March 19-20 in Argentina's Buenos Aires. One of the most important issues for discussion will be just virtual currencies.

In addition, during the summit, the Financial Action Task Force on Money Laundering (FATF), which includes 37 countries, will present its findings to G20 members regarding the prevention of the use of new technologies for money laundering. This organization is based in Paris. It was founded by the "big seven" to fight illegal finances.

Qvolta is launching its platform

Qvolta announced its platform release date of April 2 that will feature a full-fledged version of a web platform
24 March 2018   39

Qvolta platform has set its release date to April 2. The release is in accordance with the roadmap of the platform and will include a fully functional version of the web platform. The developers team is currently performing various tests and making final amendments to ensure the proper functionality. This desktop client is in alpha stage. A mobile app for secure authorizations is out and it is the native solution for security without intermediaries.

Qvolta is a P2P exchange platform solution that focuses on the capability of trading Bitcoin and Ethereum for fiat currencies and vice versa. And such functionality is provided through local payment methods. Since centralized exchanges become the target of serious scrutiny of regulators, cryptocurrency platforms that allow trading P2P or in fully decentralized fashion are getting more necessary.

As of the moment of the publication, the market parameters of Qvolta are as follows:

Average price: $0.390836

Market cap: $2,712,466

Volume (24h): $6,171