THE RIGHT TO TRANSACT. TRANSACT RIGHT.
HAVE YOUR SAY IN VASP REGULATION

The V20 is a critical two-day industry summit for the worlds leading Virtual Asset Service Provider’s (VASPS’s), held in parallel to the G20 Leaders Summit in Osaka, Japan, with representation from leading digital asset exchanges as well as key domestic industry representative bodies and guest’s from the FATF. By invitation only.

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MEDIA COVERAGE

VIRTUAL ASSETS SERVICE PROVIDERS SUMMIT

THE V20, osaka June 28 - 29

With the G20 exploring how to maximize opportunities presented by blockchain technologies, and with businesses needing clarity and certainty around global regulatory frameworks, we have recognised a need for an international dialogue to drive collaboration between government and industry (and other such-key stakeholders moving forward) to deliver a coordinated response to the updated standards proposed by the Financial Action Task Force (FATF).

With this in mind representatives of international trade associations, will lead a two-day event known as the ‘V20’ held in parallel to the G20 Leaders Summit in Osaka, Japan, with representation from leading digital asset exchanges as well as key domestic industry representative bodies and invitees from the FATF.

The goal of the event is to discuss a unified approach in developing a solution that will be both workable for business and acceptable for regulators.

The v20 representatives

Many individuals and organisations are coming together to ensure that the V20 is a success and that we proactively collaborate to help shape future FATF actions.  

get involved

how you can help

INFORMATION

Sharing the information about the FATF proposal for regulation is essential in ensuring the industry can respond.

        

JOIN THE V20

If you are involved in a blockchain, cryptocurrency or FinTech association we would welcome a conversation to speak with you about your support.

Support THE V20

Without the support of industry participants activities such as the V20 initiative in Osaka cannot be made possible - make a contribution today.

WHAT IS INDUSTRY DOING ABOUT THE PROPOSED REGULATIONS?

INDUSTRY RESPONSE

Without the unified support of Virtual Asset Service Providers (VASP’s), digital exchanges, government and industry associations, there will be no voice at the table.

To understand that critical nature of the situation, and it’s impact on industry, please see the recent CoinDesk article “Beyond KYC: Regulators Set to Adopt Tough New Rules for Crypto Exchanges” (May 20, 2019)

V20 PROPOSALS

  1. A round table summit of government agencies, crypto companies, and FATF representatives at the G20 Summit  in Osaka
  2. Regulation proposed by the industry reflecting the unique nature of virtual assets to influence the FATF proposal.
  3. An extension of the timeline for the updated FATF standards to come into effect.
  4. Development of protocols and standards to underpin a platform to meet the information collection requirements of FATF.

WHAT IS THE FATF?

Financial Action Task Force (FATF) is an inter-governmental body that sets global standards to combat anti-money laundering and terrorist financing (AML/CFT). 

As of 2018 there are 36 Member countries of FATF and policies drafted by FATF are highly regarded and treated as law. Starting with its own members, the FATF monitors countries’ progress in implementing the FATF Recommendations; reviews money laundering and terrorist financing techniques and counter-measures; and, promotes the adoption and implementation of the FATF Recommendations globally.

IN 2018

The FATF announced its international standards for illicit finance regulations would apply to crypto.

In February 2019

The FATF proposed standards that would require cryptocurrency exchanges to verify the sender AND recipient for every transaction.

CONTACT US

If you are a representative of a leading international Virtual Asset Service Provider and would like to connect on this important matter (or submit an EOI) ahead of June 28 and 29 please be in touch.

contact@v20.io

 

Stay up to date on the progress of the V20 and any news relating to the regulation of digital assets globally.

        

DONATIONS

We rely on support from the industry to bring everyone together, the FATF, legislators and industry leaders. Please feel free to show your support direct to the addresses below.

Bitcoin (BTC):
37ANBTHv2yxQ7yQvtNS9fAqLup5TaL6w13

Bitcoin Cash (BCH):
qzvw7dlsvyxkwywa0tvagujf447vczqmlquxs8a5jt

Ethereum (ETH): 0xa544a38ddCd81daE15467F5C802592B9EBD16774

Tether (USDT): 
0x8fFed9efDe71892F70F1a66Fccc90C41A8Fc7552