TOKYO — The Japanese government will introduce remittance rules as early as next spring aimed at preventing criminals from using cryptocurrency exchanges to launder money, Nikkei has learned.

The Act on Prevention of Transfer of Criminal Proceeds will be revised to require the sharing of customer information between exchange operators. The move is aimed at tracking money transfers by people engaged in illegal activities.

Source: https://asia.nikkei.com/Spotlight/Cryptocurrencies/Japan-cryptocurrency-transfer-rules-take-aim-at-money-laundering

Leave a comment

Your email address will not be published. Required fields are marked *