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A New Crypto Transaction Tracking System is Said to be Developed by 15 Countries

Sofia Cabrera ​

Summary: In a recent report by Tokyo-based newspaper, Nikkei, it was stated that 15 countries are to develop a crypto transaction tracking system that will hopefully prevent illegal uses of cryptos. As per the report, the Finacial Action Task Force is arranging to have the detailed measured ready by 2020. The new crypto transaction tracking system ...

In a recent report by Tokyo-based newspaper, Nikkei, it was stated that 15 countries are to develop a crypto transaction tracking system that will hopefully prevent illegal uses of cryptos. As per the report, the Finacial Action Task Force is arranging to have the detailed measured ready by 2020. The new crypto transaction tracking system is said to collect and distribute personal data of the individuals conducting the transactions with the intention to prevent funds from being used in illicit activities. 

Author: Sofia Cabrera

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