Japanese Police to Crack Down on Crypto Crime By Monitoring Cryptocurrency Transactions With Specific Software

  • Alex Dovbnya
    📰 News

    Japan is taking a tougher stance on crypto-related crimes by reportedly working on specific software that would allow the Police to monitor all crypto transactions


Japanese Police to Crack Down on Crypto Crime By Monitoring Cryptocurrency Transactions With Specific Software

Japan is taking a tougher stance on crypto-related crimes by reportedly working on specific software that would allow the National Police Agency (NPA) to effectively monitor all cryptocurrency transactions in the country.

The new NPA budget will allocate around $316,000 in order to implement this initiative. As of now, it is known that a private developer will be behind the project, but its name hasn’t been revealed yet. The new software will be able to gather all transaction data and pinpoint exchanges where these transactions took place. It will already be utilized by the Japanese authorities in 2019.

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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