World leaders and policymakers are gearing up for the G20 summit in Osaka, Japan, which will take place on June 28 and 29. Concurrent to this event, another summit called the Virtual Asset Service Providers summit or V20 will also take place in Osaka. It is organized by international crypto industry associations with strong support from industry participants. The V20 announced.
Earlier this month, the G20 finance ministers and central bank governors met and discussed crypto asset regulations, reaffirming their support for the standards set by the Financial Action Task Force (FATF) which recently released its guidance for virtual assets and virtual asset service providers (VASPs).
At the V20 event, crypto service providers, policymakers and other stakeholders will “discuss the implications of the FATF proposed requirements and possible technical solutions to achieve the desired outcomes of the FATF while also protecting and promoting opportunities for business,” the V20 announced.
The event is hosted by the Singapore Cryptocurrency and Blockchain Industry Association and the Australian Digital Commerce Association. Other associations which will also be represented include the Fintech Association of Hong Kong, Global Digital Finance, Hong Kong Blockchain Association, Korea Blockchain Association, and two Japanese crypto associations — the Japan Blockchain Association and the Japan Virtual Currency Exchange Association.