Suspicious cryptocurrency transaction growth in Japan recorded

Japanese bitcoin exchanges reported 5,944 suspicious cryptocurrency transactions between January and October 2018 to the National Police Authority (NSA), JiJi Press reports.

It is noteworthy that the number of transactions exceeds similar figures in the period from April to December 2017 by almost 800%.

Bitcoin exchanges in Japan are regulated by the Financial Services Agency (FSA) and must comply with AML / KYC regulations.

However, according to the national police, cryptocurrency transactions account for only 1.7% of all suspicious transactions in the financial sector.

Earlier, the FSA demanded that the exchanges delist anonymous cryptocurrencies.

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