A number of countries intend to jointly develop a new system for collecting and transmitting personal data of participants in cryptocurrency transactions.
The goal of this initiative is to prevent money laundering, terrorist financing and other illegal activities. The creation of the system will be undertaken by the Financial Action Task Force (FATF).
By 2020, it is planned to determine metrics for accounting, and a full-fledged launch of the system will take place in a few years, after which it will be transferred to the private sector.
According to Nikkei Asian Review, many states have not yet decided on the regulatory regime for cryptocurrencies, so international cooperation can contribute to accelerated development in this area.
Among the countries that have expressed a desire to participate in this initiative are Australia, Singapore, Great Britain, Germany, Italy, Canada, the USA, France and Japan.
Recall that in July this year, the FATF released the final version of the recommendations on the regulation of cryptocurrencies and the activities of cryptocurrency services operators to prevent money laundering and terrorist financing.
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