The finance ministers of the Group of Seven (G7) asked the International Anti-Money Laundering Regulatory Organization to review the regulatory provisions on crypto asset transactions between individuals. Currently, only transactions conducted through service providers such as crypto exchanges are regulated. Transactions between individuals may become a loophole for money laundering and economic sanctions, so measures to strengthen the supervision of crypto asset transactions between individuals will be explored.
When the G7 discusses financial regulation at the Finance Ministers and Central Bank Governors Meeting from the 11th to the 13th, it will ask the international organization "Financial Action Task Force (FATF)" to discuss this issue and formulate necessary countermeasures. The specific measures will be decided by the FATF, which may include requiring exchange operators to strictly implement customer management to prevent fraudulent transactions between individuals, and cooperating with private analysis companies and authorities to understand suspicious transactions in detail. (Nikkei News)