A number of countries intend to jointly develop a new system for collecting and transmitting personal data of participants in cryptocurrency transactions.
The purpose of this initiative is to prevent money laundering, terrorist financing and other illegal activities. The system will be created by the Financial Action Task Force on Money Laundering (FATF).
By 2020, it is planned to define metrics for accounting, and the full launch of the system will take place in a few years, after which it will be transferred to the ownership of the private sector.
According to the Nikkei Asian Review, many states have not yet decided on a regulatory regime for cryptocurrencies, so international cooperation can contribute to accelerated developments 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 of this year, the FATF released the final version of recommendations on the regulation of cryptocurrencies and the activities of operators of cryptocurrency services to prevent money laundering and terrorist financing.