Laundering Using Crypto to Become x7 Popular in Japan

To improve the detection of suspicious activity in the financial sphere, police intends to use artificial intelligence solution
28 February 2019   432

The National Police Agency of Japan (NPA) reported that in 2018, more than 7,000 cases of money laundering using cryptocurrency were recorded. This figure is 10 times higher than in 2017. Reported by The Mainichi.

Despite such rapid growth, the laundering operations are still carried out mainly by banks. A total of 417,000 suspicious transactions were recorded last year. However, only 1.7% of cases used cryptocurrency.

To improve the detection of suspicious activity in the financial sphere, NPA intends to use artificial intelligence solutions.

Cryptocurrencies in Japan over time become more popular. For example, in trading with Bitcoin, the Japanese yen was used more often than the US dollar.

It is noteworthy that the Turkish Lira is in the top 5 of this rating. According to the Trading Economics service, the annual inflation rate in Turkey exceeds 20%.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   956

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”