There has been a significant increase in the reports of suspected illegal use of cryptocurrencies in Japan.
According to the report, the National Police Agency (NPA) have revealed that there have been 5,944 reports to the Japanese police about suspected illegal uses of cryptocurrencies如 洗錢, between January and October.
By comparison, the number of such reports last year was 669, but their number increased “after the implementation in April of a law obliging the [加密貨幣交換] operators to make reports to the police if they detect dubious digital currency transactions.”
An NPA official declared that such an “increase indicates that the operators have become widely aware of the reporting obligation.”
作為Cointelegraph 報導 recently, the Japanese government is searching for ways to prevent tax evasion on significant profits from cryptocurrency transactions. According to sources familiar to the situation, the government is working on a system that would let the National Tax Agency obtain data from cryptocurrency transaction intermediaries about crypto users.
Earlier this week, Cointelegraph reported that the Japanese Financial Services Agency (FSA) is 規劃 the introduction of stricter Initial Coin Offering (首次代幣發行) regulations in an attempt to protect investors from 騙局.