The report on the illegal transactions carried out by the companies of crypto-currencies in Japan shows a statistical increase in the last year.
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The operators in crypto-currencies are malicious targeted
417 465 cases of illegal financial activities have been identified with the national police agency of Japan in 2018, and this figure has experienced an unprecedented rise, or 440 492 in 2019.
The national police agency explains this increase by the effort of the additional monitoring carried out by financial institutions, but above all because the activities of crypto-currencies and the Blockchain are now enshrined in the procedures for combating money laundering in Japan.
In fact, the number of complaints against operators of crypto-currencies has increased five-fold last year, reaching a high of 5996 case, if there were only 1100 in 2018.
The national police agency of Japan has initiated legal proceedings against the financial institutions involved in more than 500 suspected cases of money laundering and illegal activities.
The triumph of the japanese police following this legislative reform is in part the result of the effectiveness of the technology Blockchain, making it more fluid for the detection of suspected cases and treatment of complaints.
But above all, the country of the rising sun has built its reputation in the flawless execution of criminal justice, because a case handled in court is a conviction rate of 99%. This vigilance is well-known in Japan will weaken the criminals, which is already seen by the decrease of the malignancies in the sector crypto.
It should be finally noted that while the number of reported cases skyrocketed, the percentage of prosecution continues, meanwhile, to decrease.
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