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Japanese Cryptocurrency Exchanges Report 669 Cases of Money Laundering

Tatjana KulkarnibyTatjana Kulkarni
February 23, 2018
in Payments, Risk & Security
Reading Time: 1 min read
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Japan’s cryptocurrency exchanges have reported a total of 669 suspected money laundering cases to the country’s National Police Agency, according to a report by Nikkei Asian Review.

Japanese cryptocurrency exchanges have been having a rough time lately with a major hack ($550 million) and some major technical glitches – one that almost cost one exchange $20 trillion. As a result, the Japanese authorities have been cracking down on the exchanges.

This new report by Nikkei, released yesterday, indicated that the reports on the crypto-money laundering cases were collected over a span of nine months from April to December last year.

 

Tags: anti-money laundering (AML)BitcoinBlockchaincryptocurrencyExclusiveSecurity
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