PANews reported on February 17 that according to CoinDesk, Hitachi and 12 Japanese digital asset trading-related companies announced that they will start an empirical experiment in February 2025 to improve the effectiveness of anti-money laundering (AML) measures in digital asset transactions such as cryptocurrencies, stablecoins, and NFTs. In the experiment, money laundering-related information collected and analyzed separately by each company will be shared on a dedicated platform provided by Hitachi. The analysis results will be fed back to each company and used for AML business in domestic blockchain transactions. In this way, the actual effect of AML accuracy improvement and cost reduction is verified. Participating companies include NTT Digital, Optage, Crypto Garage, JPYC, Chainalysis Japan, Digital Platformer, NEC, Nomura Holdings, Bitbank, finoject, North Country Bank, and Laser Digital Japan.
Currently, digital asset trading companies are dealing with regulation on their own, facing the problems of cost and lack of professional talents in AML business. At the same time, it is expected that the strengthening of regulation in the future will bring more challenges. This experiment aims to solve these problems through the sharing of systems, talents and information. The experimental period is from February to April 2025.
