Japan's National Police Agency (NPA) is planning to develope a new software to help track individuals behind illicit crypto transactions.Traditionally, many criminal offenses concerning digital currencies involve layering of the currencies through multiple accounts and police are required to track down multiple transactions to prove the money laundering scheme.
The software that National Police Agency is planning in the year 2019, will track the flow of blockchain transactions flagged as suspicious and "visualize and locate" the individuals sending or receiving the cryptocurrency.
The effort apparently comes in response to the increasing number of suspected criminal cases in Japan that involve cryptocurrency. Given the anonymity of blockchain transactions, police forces in the country are facing difficulties when conducting further investigations. Software can extract transaction data needed for an investigation from an enormous volume of data, making cyber investigations more effective.
Posted from my blog with SteemPress : http://giccp.com/japans-law-enforcement-planning-crypto-currency-tracking-software/
Japan is really one of the most advanced nations in the crypto world
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jackjones from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 4.08 % upvote from @boomerang.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 3.79% upvote from @emperorofnaps courtesy of @vedvati!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit