TOKYO -- The Group of Seven countries will urge an international finance watchdog to consider tightening oversight of cryptocurrency transactions between individuals, in a bid to close loopholes for money laundering and sanctions evasion, Nikkei has learned.
Cryptocurrencies
G-7 seeks anti-money laundering rules for peer-to-peer crypto deals
Finance ministers want loopholes closed as suspicious payments rise
Cryptocurrency sent from illicit wallets jumped 68% last year to $23.8 billion, according to Chainalysis. © Reuters
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