Japan's law enforcement planning Crypto currency tracking software

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.

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Posted from my blog with SteemPress : http://giccp.com/japans-law-enforcement-planning-crypto-currency-tracking-software/

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