Only 2% of Japan’s 340,000 money laundering cases involve cryptocurrency



Japan hacks first 6 months bitcoin cryptocurrency coincheck scam 796x448 - Only 2% of Japan’s 340,000 money laundering cases involve cryptocurrency
Japan’s efforts to regulate the cryptocurrency industry might have come a little later than needed, as the country has seen nearly 6,000 cases of money laundering involving cryptocurrency so far in 2018. According to an official police document, there have been nearly 6,000 cases of cryptocurrency-based money laundering reported to the Japanese police between January and October of this year, the Japan Times reports. This is a dramatic increase over the 669 cases that were reported in the last nine months of 2017. All that said, it’s important to recognize that Japan has been leading the way when it comes…

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