G7, FATF members to develop crypto transaction tracking system

Fifteen (15) countries including G7 and Financial Action Task Force (FATF) members are working on a new crypto transaction tracking system, as per reports from Japanese media. Cryptocurrencies have grown from being called a Ponzi scheme to being labeled the payment system of the future. Cryptocurrencies are now being used in many countries across various continents including Brazil, the US, the UK, Russia, China, and many others. Now several different entities are planning on introducing a network for monitoring cryptocurrency transactions. The need for crypto transaction tracking system Aimed at stomping crypto use for illegal reasons several nations along with