Skip to main content

1.6% of money laundering cases in Japan involved cryptocurrency in 2018


In December last year, reports suggested Japan had seen over 6,000 money laundering cases that involved cryptocurrency in the first nine months of the year. Well, the trend continued. In the last three months of 2018, financial regulators received another 1,000-plus cryptocurrency related cases, taking the yearly total to 7,096 cases, the Japan Times reports. This is of course a dramatic increase over the 669 cases reported between April and December 2017. However, Japan introduced regulations making it easier to report cryptocurrency-based money laundering cases. Which may go someway to explaining the large increase. It’s also worth noting that these…

This story continues at The Next Web

from The Next Web https://ift.tt/2NAfr0q
Labels:

Comments

Post a Comment

Popular posts from this blog

TNW Podcast: Boris comes over to co-host; Slack’s Cal Henderson talks European tech

 Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii is joined by Boris Veldhuijzen van Zanten, co-founder, member of the board, and former CEO of TNW. The topics discussed include the jobs created by Dutch startups, giant state funding for energy projects, translations of the word ‘computer’, and a bunch of other things in between. In the interview section, we’re featuring a conversation with Cal Henderson, co-founder and… This story continues at The Next Web from The Next Web https://ift.tt/jUgcNFD
Post a Comment
Read more

Meet the lawyer-turned-artist behind classical cryptocurrency paintings

Over the past 10 years cryptocurrency, blockchain, and art have become the most surprising and unlikely of bed fellows. Street art, graffitti, and memes are quite common, but the words cryptocurrency and fine art rarely appear in the same sentence. But that’s changing as one artist is making these worlds collide to produce something as individually unique as a Bitcoin wallet private key. Toronto-based fine artist – Nelly Baksht – is one of a growing community creating works specifically for the cryptocurrency and blockchain industry. But she hasn’t always been interested in the decentralized technology. For Nelly her love of… This story continues at The Next Web from The Next Web https://ift.tt/2V9tfRS
Post a Comment
Read more

Defining humanlike intelligence and entrusting it with our lives, explained by an AI researcher

TNW Answers is a live Q&A platform where we invite interesting people in tech who are much smarter than us to answer questions from TNW readers and editors for an hour.  Yesterday, Melanie Mitchell, the author of ‘Artificial Intelligence: A Guide for Thinking Humans’ and the Davis Professor of Complexity at the Santa Fe Institute, hosted a TNW Answers session where she spoke about how much we should really trust AI, her worries surrounding the technology, and defining humanlike intelligence in machines.  [Read: Chess grandmaster Gary Kasparov predicts AI will disrupt 96% of all jobs] Most fears around AI usually… This story continues at The Next Web from The Next Web https://ift.tt/2w7anvS
Post a Comment
Read more