The major economies of the world are looking forward to meeting in Japan next month, as it will be devoted to the problem of cryptocurrency and cryptobirge .
In the world of cryptocurrency, users are often targeted by hackers, scammers, money launderers, and Ponzi schemes, which is why many governments are ready to take action that curb this “threat”.
This year alone, hackers stole more than $ 1 billion, directing their attacks on major exchanges such as Cryptopia, Bithumb and even Binance .
According to the Nikkei Asia report, on the sidelines of the G20 summit in Japan, a registry of cryptocurrency exchanges will be prepared, thus protecting consumer interests will be an important part of the upcoming summit. In addition, it is a step towards studying the operations of stock exchanges around the world.
The country of the rising sun took the initiative in this matter, making it obligatory to register all cryptocurrency exchanges back in 2017. Also, the Japanese financial services agency has introduced authentication procedures, such as identifier verification. This is done to prevent transactions of unknown users who may be involved in money laundering.
Such a step can be crucial for the prevention of crimes related to cryptocurrency. Leaders of the G20 Summit can determine the future of cryptocurrencies by forming a single international regulatory framework for cryptoactive assets and exchanges.
However, given the independence of the decentralized crypto-universe from state supervision, such steps should be well thought out.
Publication date 01/06/2019
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