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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Godfrey Benjamin
Dan Burgin
Vladislav Sopov