Japan FSA Supports AML Experiment for Crypto Assets

iconKuCoinFlash
Share
AI summary iconSummary

BlockBeats report: On February 28, Japan’s Financial Services Agency announced it will support a pilot experiment on anti-money laundering (AML) measures for crypto assets. The experiment, applied for by Hitachi, Ltd., involves 13 companies including GMO Coin, Chainalysis Japan, NEC, JPYC, and BitBank. The pilot will run from March to May 2026 and primarily test the effectiveness of sharing suspicious wallet address information among multiple cryptocurrency exchanges and stablecoin operators to build a more efficient industry-wide AML system.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.