According to the report published by the news media outlet “The Japan Times”, the National Police Agency in Japan registered about 6000 cases of money laundering connected to the cryptocurrency industry. The figures were taken from the research in the period from January to October 2018.
The amount of cases has raised showing an 800% increase in compare to the period from April to December 2017.
An NPA official commented on this situation:
“We have seen some large-scale cryptocurrency thefts, and operators are believed to be scrutinizing transactions more rigorously.”
In the report, NPA also emphasized on the vulnerabilities of the cryptocurrency transactions. Anonymous transactions can be transferred to overseas, due to different cryptocurrency regulations in various countries, it is hard to track the culprit.
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