Japanese police recently announced a program to track encrypted digital currency conversions.
To assist in investigations of financial crimes and to reduce money-laundering.
The program announced on 30 August by the Japanese police provides the option of a time-check and the dates of transfers of encrypted digital currency.
As for the encrypted digital currency involved in the control process came the declaration declared by the source as follows:
The new service is for specific encrypted digital currencies such as Bitquin, Ethrium
It is expected that the monitoring program of each of the Japanese police departments will be available from Tokyo Metropolitan Police Department
And the Osaka Metropolitan Police Department to expand the operation to other provinces next year.
The program comes within the framework of the allocation of Japanese police budget of $ 24.3 million to reduce electronic financial crimes.
Including for encrypted digital currencies.
According to the police, the program will greatly assist in the investigation process, where it can be more familiar with the information of converters and dealers in encrypted currencies through the analysis of data provided by the technique of Block Qin.
Japan, like other countries, is struggling to tackle cybercrime and is working to update its tools as closely as possible to keep abreast of developments.