on March 25th, 2023, Japan is planning to ask the G7 and G20 nations to strengthen their regulation of cryptocurrencies. This is not the first time that Japan has made such a request, as the country has been a vocal proponent of stricter crypto regulation for several years.

Japanese government is concerned about the potential risks posed by cryptocurrencies, including money laundering, terrorist financing, and other illegal activities. Japan has been a trailblazer in the crypto industry, having legalized cryptocurrencies and created a regulatory framework for crypto exchanges in 2017 after the Mt. Gox hack.

Japan's move to seek tighter crypto regulation from other countries comes at a time when several other countries are also considering or implementing stricter measures. For example, the United States recently proposed new regulations requiring crypto exchanges to collect more user data and report transactions over a certain threshold to the IRS.

(by Tim Alper)