The
The banks, which also include the
The group will study "economic, functional and technical design choices, including cross-border interoperability" of cryptocurrencies and work closely with relevant institutions such as the Financial Stability Board.
Many countries and regulatory authorities are wary of widespread use of cryptocurrencies as they could be abused for money laundering and other unlawful activities.
Amid growing caution on the issue,
The Group of 20 major economies also agreed during a meeting of their finance chiefs in the same month that global digital currencies should not be rolled out unless "serious" risks related to money laundering, illicit finance and consumer protections are addressed.
The other participants in the study group are the
==Kyodo
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