{"id":449632,"date":"2022-05-19T20:45:00","date_gmt":"2022-05-19T17:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/swiss-think-tank-urges-greater-global-cooperation-on-crypto-regulation\/"},"modified":"2022-05-19T20:45:00","modified_gmt":"2022-05-19T17:45:00","slug":"swiss-think-tank-urges-greater-global-cooperation-on-crypto-regulation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/swiss-think-tank-urges-greater-global-cooperation-on-crypto-regulation\/","title":{"rendered":"# Swiss think tank urges greater global cooperation on crypto regulation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40607e6acd4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40607e6acd4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/swiss-think-tank-urges-greater-global-cooperation-on-crypto-regulation\/#%E2%80%9D_Swiss_think_tank_urges_greater_global_cooperation_on_crypto_regulation_%E2%80%9C\" >&#8221; Swiss think tank urges greater global cooperation on crypto regulation  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Swiss_think_tank_urges_greater_global_cooperation_on_crypto_regulation_%E2%80%9C\"><\/span>&#8221; Swiss think tank urges greater global cooperation on crypto regulation  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMjU4NDM1N2EtMzQzMS00NzQzLWE0NGQtZmY5MzQ3ODI3ODU1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>In a bid to combat illegal activity and \u2018regulatory arbitrage,&#8217; a Swiss-based think tank has urged greater international cooperation on cryptocurrency regulation.<\/p>\n<p>On Monday, the Basel Institute of Governance and the International Academy of Financial Crime Litigators released a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/baselgovernance.org\/sites\/default\/files\/2022-05\/WP-38.pdf\">paper<\/a> calling for further coordinated action against unlawful crypto-markets. Among the proposed solutions are greater cooperation between jurisdictions, as well as the creation of worldwide standards for cryptocurrency regulation.<\/p>\n<p>According to the paper, investigators who work with cryptocurrency should invest in learning <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaches and technologies that are contemporary with evolving criminal organization techniques. Also, it recommended judicial authorities come up with new methods for prosecuting virtual asset-based money laundering.<\/p>\n<p>Crypto regulation has been a contentious issue in the industry, with some arguing that it stifles innovation, while others believe that it is necessary to protect investors and crack down on crime.<\/p>\n<p>The recommendations follow the comments by US Financial Crimes Enforcement Network (FinCEN) acting director Him Das in early April when he said that the agency&#8217;s existing abilities are not appropriate for the types of threats we&#8217;re seeing with cryptocurrency.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Genuinely impossible to feel sorry for crypto enthusiasts getting wiped out when they showed nothing but extreme ideological hostility for the idea of securities regulation that was designed to protect them from these outcomes.<\/p>\n<p>\u2014 Michael Tae Sweeney (@mtsw) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mtsw\/status\/1524426989947420672?ref_src=twsrc%5Etfw\">May 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nIn the United Kingdom, experts have <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.independent.co.uk\/business\/plans-unveiled-to-drive-out-dirty-money-under-economic-crime-bill-b2075580.html\">pointed<\/a> out that financial regulators are using laws that are more than 20 years old to combat crypto-laundering, as the government promises enhanced financial system protection through the recently introduced Economic Crime Bill.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto needs regulation but should be done right: Report and database<\/em><\/strong><\/p>\n<p>As reported by Cointelegraph, the governors and finance ministers of the Group of Seven, or G7, are reportedly prepared to discuss cryptocurrency regulation. Representatives from the United States, Canada, Japan, Germany, France, Italy and the United Kingdom will most likely address issues relating to a regulatory framework for cryptocurrencies at a meeting in Germany&#8217;s Bonn and K\u00f6nigswinter. The U.S. Securities and Exchange Commission (SEC) recently revealed that it will nearly double the number of personnel responsible for protecting investors in cryptocurrency markets.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/swiss-think-tank-urges-greater-global-cooperation-on-crypto-regulation\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Swiss think tank urges greater global cooperation on crypto regulation &#8220; In a bid to combat illegal activity and \u2018regulatory arbitrage,&#8217; a Swiss-based think tank has urged greater international cooperation on cryptocurrency regulation. On Monday, the Basel Institute of Governance and the International Academy of Financial Crime Litigators released a paper calling for further&#8230;<\/p>\n","protected":false},"author":1,"featured_media":449633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMjU4NDM1N2EtMzQzMS00NzQzLWE0NGQtZmY5MzQ3ODI3ODU1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74894,74355,70934,74151],"class_list":["post-449632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-blockchain","tag-adoption","tag-regulation","tag-switzerland"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/449632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=449632"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/449632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/449633"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=449632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=449632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=449632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}