G-20 finance ministers and center bankers will discuss ways of setting global rules on cryptocurrency trading when they get together on June 8 in Japan.

They will discuss ways of allowing cryptocurrency exchanges through registration and preventing laundering money through cyber currencies.

Their discussion follows French Finance Minister Bruno Le Maire’s suggestion on discussing Bitcoin in late 2017.

In their last meeting in Buenos Aires last March, the participants shared the view that cryptocurrency-based technologies had the potential for upgrading the financial system and the economic system.

However, they also expressed the concern over the exposing of investors to risks, possible tax evasion, and money laundering.

The Buenos Aires meeting produced a statement that research on cryptocurrency assets must continue.

In the Tokyo meeting, the participants are likely to set out rules on cryptocurrency trading rules worldwide.

 

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