One of the main themes to be discussed at the G-20 Financial Ministers and Central Governors Meeting this weekend has to do with money laundering and cryptocurrency. What kind of agreement would be a surprise? Even for the purpose of introducing Anti-Money Laundering (AML), should we allow our financial privacy to be compromised? Alexander Zaidelson, the CEO of Beam, shared his views with Cointelegraph.
A new agreement on crypto and AML?
Jiji Press, a major Japanese publication, recently reported that there will be “a new kind of agreement as to cryptocurrency and AML/CFT.“ But for blockchain analysis firm Chainalysis, which has “engaged directly with global regulators,” it is surprising if they agree on something new. Jesse Spiro, head of policy at Chainalysis, expects Financial Action Task Force (FATF) guidance, which will be published later this month, to reflect the draft guidance that they issued in March this year.