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Japan Has Crypto Regulation Handbook Ready for Members at Next G20 Summit

Japanese officials have reportedly prepared a handbook offering guidance on cryptocurrency regulation, and plan to share that advice with central bankers and finance ministers attending the next G20 summit, according to a report from Finance Magnates and local media outlet Sankeibiz. That summit will be held in Osaka, Japan at the end of June.

Report: Japan’s FSA Raided Two Crypto Exchanges Last Week

The Japanese Financial Services Agency (FSA) reportedly raided two of the nation’s cryptocurrency exchanges last week, according to two sources cited in a Reuters report published on Tuesday. The regulatory body apparently executed the surprise inspections to investigate issues related to anti-money laundering and customer safeguards.

British Virgin Islands Announces LIFELabs Partnership for Blockchain-Based Emergency Transaction System

British Virgin Islands Premier and Minister of Finance Andrew A. Fahie recently announced a partnership with blockchain firm LIFElabs.io to create a digital currency transaction system that can be used in the event of an emergency. According to the press release announcing the news, the goal is to create an alternative financial transaction structure that can be used to deliver money to the territory’s people during hurricanes and other disaster situations.

Chile’s Finance Minister Announces Crypto Regulation Bill

Chilean Minister of Finance Felipe Larraín announced this week that the government has sent Chile’s Congress a legislative bill that will provide regulation for fintech and cryptocurrencies. Larraín made the announcement during a visit in the United States, and emphasized the government’s cautious and flexible approach to regulating the space:

FinCEN Announces Penalties for Crypto Trader Accused of Violating AML Rules

The Financial Crimes Enforcement Network (FinCEN) announced this week that it has penalized an individual cryptocurrency trader for alleged violations of the Bank Secrecy Act (BSA). That trader, California resident Eric Powers, reportedly failed to properly register as a money services business, take the necessary steps needed to comply with the Act’s provisions, or properly report suspicious transactions.

Coinbase Expands Crypto-to-Crypto Support to Eleven Additional Countries

Coinbase announced this week that it is expanding its customer base by providing crypto-to-crypto services to an additional 11 countries from Latin America and Southeast Asia. In its blog announcement, the company noted that it will now serve customers in a total of 53 countries on four continents.

IDC Forecasts Tenfold Increase in U.S. Govt Blockchain Spending by 2022

In a new study published this week, International Data Corporation (IDC) forecasts “healthy four-year growth” for U.S. government blockchain spending. In fact, IDC analysts expect that spending to increase tenfold between 2019 and 2022, from the roughly $11 million spent in 2017 to more than $123 million by the end of that four year period.

Security Experts: Southeast Asia Crypto Sector Vulnerable to North Korean Cyberattacks

Amid ongoing concerns about North Korean attempts to evade international sanctions, security experts are warning that the growing cryptocurrency industry in Southeast Asia could be particularly vulnerable to the regime’s cybercrime activities.

French Finance Minister Highlights Blockchain’s Promise at Paris Blockchain Week

France’s Finance Minister, Bruno Le Maire, called blockchain technology a “game changer” at the Paris Blockchain Week conference, Phys.org reported today. During his remarks, Le Maire noted the technology’s benefit as a tool to prevent banking institutions from monopolizing financial transactions:

IMF, World Bank Launch Learning Coin

The International Monetary Fund and World Bank have launched their own ‘quasi-cryptocurrency’ called Learning Coin as part of a project designed to explore blockchain and crypto technology, the Financial Times reported this week. The agencies reportedly stressed that their coin is not an actual digital currency, since it has no monetary value and is only for internal use.

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