Regards esteemed friend @devann.
Before we address the issue of global cryptocurrencies facilitating money laundering and illicit activities, we need to ask what have these major economies done to curb money laundering and illicit financing in the current fiat money system.
This paragraph is a direct punch in the face of those G20 representatives. You're right.
The financial systems of these nations are supported by large banking corporations and fiat money. They see how the crypto market is taking ground and undermining its medieval financial bases, therefore they must try to counterattack and the only way they have achieved so far is that of discredit and trying to sow distrust among the growing mass of crypto holders.
It is very valid as quotes the case of Switzerland, but there is also Andorra and other cities in Europe that have served as a deposit to all the fortunes that the rulers of my country have stolen in the last 20 years, which is why 90% currently of Venezuelans we are mired in great poverty.
Your friend, Juan
RE: G20 urges global regulations to address 'serious' risks in cryptocurrencies | The Japan Times