Japan’s Financial Regulator Tightens Grip on Crypto Exchanges

The Japanese Financial Services Agency has increased its anti-money-laundering (AML) efforts, taking a particularly tough stance on cryptocurrency exchanges, according to local news source Nikkei.

The new AML policy will reportedly undergo an intergovernmental inspection this fall; money laundering on crypto exchanges is also expected to be discussed at this summer’s G20 meeting.

“Japan does not want to fall behind other countries in implementing policies,” said the Nikkei report.

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