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   327

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%.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   80

The average amount of investments in cryptocurrency from South Korean invesetprsĀ is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jumpĀ and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.