The hurdles of using crypto in money laundering are set to increase if plans by G20 countries materialize. Per Nikkei Asian Review, G20 countries are working on a deal aimed at creating a cryptocurrency exchange registry.
The world’s most powerful economies hope the move will seal a loophole money launderers have exploited since the inception of bitcoin and other cryptocurrencies.
The plans will be unveiled when central bankers and finance ministers from G20 economies meet in Fukuoka, Japan next month. Crypto-related challenges such as customer protection and money laundering will be discussed at the summit.