G-20 eyes registry for cryptocurrency exchanges

International community aims to prevent virtual money laundering

20190530N bitcoin

Cryptocurrencies like Bitcoin are pushing countries to adjust money laundering regulations. © Reuters

TAKERO MINAMI, Nikkei staff writer

TOKYO -- The Group of 20 major economies are expected to reach an agreement to create a registry of cryptocurrency exchanges, bolstering oversight to address a regulatory patchwork that can be exploited by money launderers.

Finance ministers and central bankers from the bloc will discuss challenges surrounding digital currencies, including money laundering and customer protection, at their meeting in the Japanese city of Fukuoka on June 8-9.

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