G20 member states plan to reach a consensus on 20% of cryptocurrency money laundering and terrorist financing in 2021.

According to informed sources, the G20 major economies plan to reach an agreement by 2021 to deal with cryptocurrency money laundering and funding terrorist organizations. Representatives of various countries are also expected to formally agree on the regulations governing the operation of cryptocurrency exchanges, such as requiring the government to register and manage. A UN panel of experts said in March that cryptocurrencies provide North Korea with a new way to evade sanctions because “they are difficult to trace, can be cleaned many times, and are independent of government regulation.”