NFT Collection The Superlative Secret Society Price, Stats, and Review
Lagrange rockets, then reenters reality as hype fizzles post-listing
Bitcoin Price Watch: Cup and Handle Pattern Signals Potential Surge
JPMorgan Chase Says US Markets Climbing ‘Wall of Worry’ To New All-Time Highs – With Key Sector Getting Second Wind
Bitcoin DeFi platform Alex Protocol loses $8.3M to exploit
Ethereum ETFs See $281M Weekly Inflow, Outpacing Bitcoin
Unilabs Finance’s DeFi manager gains traction as top TradFi alternative, beating TRON, Solana
MEET48 Launches $IDOL Airdrop on June 9 Ahead of TGE, Leading Web3 Entertainment
MEET48 Launches IDOL Airdrop on June 9 Ahead of TGE, Leading Web3 Entertainment
Dogecoin Building for a Breakout? Analyst Spots Key Signals Resembling 2021 Setup
Best Altcoins to Buy as Trump Urges Fed to Cut Interest Rates in Favor of Crypto
Bitcoin Indicator Shows Growing Divergence Between Whales And Retail – Details
The Return Of Altcoin Season: Why Bitcoin Dominance Must Fall To 62%
Stablecoins Are Coming to EU Banks: Why You Should Use Best Wallet to Keep Your Crypto Safe
Musician made $3M selling NFTs and lost it all to taxes and a crypto crash
Unilabs (UNIL) Brings AI Tech to the DeFi Space While Ripple (XRP) and Cardano (ADA) Are Affected by Crypto Bloodbath
Is Bitcoin’s price breaking out again? Analyzing THIS metric may be key!
$17,000,000 Erroneously Sent To 9,238 Americans As Bank Glitch Derails State’s Payroll Process
6 Best Crypto to Buy Now: Meme Coins With Massive Potential in 2025
Whales Are Back: Risk Appetite Rises as Big Players Go Long
Trending today: Musk-Trump fallout, DOGE dip and new viral memecoin Kori
Waiting on Altcoin Season? Here’s What a Leading Crypto Analyst Says
Bitcoin and Ethereum ETF Won’t See Enough Retail Demand Despite UK Lifting Ban, Says Analyst
XRP Price Forecast: Whales Accumulate 190M Tokens Despite “Death Cross” Jitters
AB Anywhere: $AB Goes Live on Binance, Ushering in a New Era of Cross-Chain Asset Mobility
Japan to Provide G20 With Solution for Crypto Regulation

Japan is preparing to share its experience regarding cryptocurrency regulation with finance ministers and central bank governors from other G20 countries at the upcoming summit which it will host in June. According to local media, Japanese regulators have a solution for crypto regulation to offer the G20 countries.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Crypto Regulatory Manual
Japan is often known as one of the most crypto-advanced countries, having legalized cryptocurrency as a means of payment in April 2017. According to local news outlet Sankeibiz, Japanese regulators have created a handbook “that each [G20] country can use for regulations, such as measures to prevent the outflow of virtual currency.”
“International rules are being developed to prevent money laundering and terrorist financing, with virtual currency restrictions in place,” the news outlet described Monday. “On the other hand, there are no rules in terms of the protection of customer assets and the soundness of the market, so it is the first time that certain ideas are shared internationally,”
A wide range of regulatory measures are being adopted by the G20 countries, as news.Bitcoin.com previously reported, with some currently over-regulating crypto assets. The publication conveyed:
Since it is difficult to establish common rules, we [Japan] decided to put them in a guidebook, to have the know-how in a form that suits each country, and to raise the level of regulation.
According to the news outlet, the manual addresses key regulatory areas such as “Necessary measures to protect customer assets,” “Measures against cyber attacks,” and “Ways of providing information to customers.”
The Japanese Experience
Japan is drawing from its own experience after two major cryptocurrency exchanges in the country were hacked last year — Coincheck in January and Zaif in September. Following the hacks, the country’s top financial regulator, the Financial Services Agency (FSA), increased its oversight of crypto exchanges including conducting on-site inspections and issuing business improvement orders. The agency has also been holding study group meetings which have resulted in many new proposed measures for the crypto industry.
Earlier this month, the FSA released a guide containing reference cases to help financial institutions identify suspicious crypto transactions and report them to the authorities per Article 8 of the Act on Prevention of Transfer of Criminal Proceeds.
Crypto transactions involving a large amount of cash or foreign currency and high-value transactions that do not match customer income or assets are suspicious to the FSA. Transactions in accounts that frequently receive crypto remittances from multiple addresses are also suspicious, especially if large withdrawals are made immediately after receiving them, the agency explained.
The FSA also warned of transactions in accounts suspected of being fake or with names that appear to be fictitious, adding that customers with a large number of accounts, especially under different names, should also be red-flagged.
Moreover, the regulator noted that transactions employing “anonymization technology when a customer deposits virtual currency into an account” are suspicious. Also on the list are transactions from multiple accounts using the same IP address, those that appear to be domestic but have foreign IP addresses and languages, and ones “that make tracking IP addresses difficult.”
Do you think the G20 should follow Japan’s lead regarding crypto regulation? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
The post Japan to Provide G20 With Solution for Crypto Regulation appeared first on Bitcoin News.