G7 finance ministers call for regulatory review of cryptocurrency transactions between individuals

2023-05-11 15:53:45

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ChainCatcher news, the G7 finance ministers have requested the international anti-money laundering regulatory organization to review the regulatory provisions regarding cryptocurrency transactions between individuals. Currently, only transactions conducted through service providers such as cryptocurrency exchanges are regulated, and transactions between individuals may become loopholes for money laundering and economic sanctions. Therefore, measures to strengthen the regulation of cryptocurrency transactions between individuals will be explored.

During the G7 meeting of finance ministers and central bank governors from May 11 to May 13, the topic will be discussed, and the Financial Action Task Force (FATF) will be asked to formulate necessary countermeasures. (source link)

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