Hello friends! Today I will discuss some points related to G20 summit Osaka Japan. And along with this, I will discuss the complete detail about Japan security Preparation on G20 Summit. Before discussing G20 in detail let’s understand What is G20?
What is G20 or G20 Group?
G20 is a group of Governments and central bank’s governors of 19 countries and the Europen Union. Or you may say it is a group of 20 Government.
The main objective to establish this was to maintain financial stability in the whole world. Now you could think that there is a total of more than 250 countries in the world and how there are only 20 in this group.
So these are heads of government in their specific reason and control all procedures. G20 cover 50% of land area, 80% World Trade, World Economy 90%.
- Founded: 26 September 1999
- Saudi Arabia
- United State
- South Africa
- United Kingdom
- South Korea
G20 Summit Scheduled For Upcoming Years
Japan Preparation For G20 Summit
Japan has become very active in the security of cryptocurrency. To break the backbone of events like money laundering, Japan has heavily influenced the security of its exchanges.
The news of the Kippokorty Task Force is coming from Japan as well as many other countries.
And This year, Japan will handle the 2018 g20 summit and its main objective is to make a strong commitment to preventing money laundering in the crypto market.
Organized Agency For Security
- Financial Services Agency (FSA)
- Financial Action Task Force (FATF)
1. Financial Service Agency (FSA)
Its main objective is to strengthen the security of the exchange and keep an eye on the transactions in the blockchain.
2. Financial Action Task Force (FATF)
Its main objective is to remove any rigging in the blockchain. This team has created some of its parameters on the basis of which these people will notice that everything is going well or there is a problem happening here.
Even now, some new process is underway, and as soon as they become final, they will also be included in this list.
Japan G20 Summit
Japan has done a lot of good preparation for the upcoming 2019 G20 summit but still, it is common to face pressure.
Let us see what new steps are being taken regarding the international payment stability in the future and we will be able to see new changes in the way.
But happiness is the fact that the world is inventing new days every day and is also doing new adoption to new technology.
Where there is a problem there is a solution and the biggest problem in the world of cryptocurrency is money laundering. And I expect Japan to be successful in controlling it will prove to be successful.