2019-8-9 16:22 |
Some 15 countries, including Australia and Singapore, are reportedly banding together to create a data collection and sharing system on individuals carrying out cryptocurrency transactions. According to Nikkei, the common goal would be to prevent funds from being laundered or used to finance terrorist organizations.
The system will be designed by the Financial Action Task Force, an organization spanning across more than 30 member countries tasked with combatting money laundering, and the objective is to establish detailed measures by 2020. It is hoped the system, which will be operated by the private sector, will be active a few years later. …
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