Tag Archives: Crypto Cyber Crime


Japan Ramps Up Regulations Following Hacking at Zaif

  By David Drake   Cryptocurrencies and their underlying technology, blockchain, have made it possible for developers to innovate solutions for pressing problems in different sectors. This has caused an emergence of startups such as Gath3rthat makes digital monetization easier, HFC Coin that provides blockchain backed solutions in the mortgage industry and LiveTradr that is focused on portfolio optimization. At the same time, blockchain technology […]

With Tight Screening Procedures, Will Japan’s Crypto Exchange Security Improve?

  By David Drake   Across the globe, cryptocurrencies and blockchain are increasingly gaining popularity. As such, business startups are using blockchain technology to develop services and products. Such companies include HFC Coin that provides blockchain-backed mortgage solutions, URAllowance, the family smart contracts platform, LiveTradr, a portfolio optimization project,  Qupon, the digital coupon marketplace, and Gath3r, a digital monetization platform. Japan is one of the […]

Traceable Cryptos Not Wanted in Japan’s Exchanges, Here’s Why

by David Drake   The financial regulator in Japan is working quietly to reduce cybercrime associated with cryptocurrencies. The Financial Services Agency (FSA) is hoping to persuade cryptocurrency exchanges to quit handling digital currencies largely preferred by criminals who are out to launder money and engage in other criminal activities, including terrorism. Sources that are close to the regulator confirmed […]

How Crypto-Related Cybercrime Should Be Fought

by David Drake   One of the main features of cryptocurrencies is anonymity. However, this has its dark side, and this is currently one of the major concerns in the cryptocurrency industry due to its linkage with cybercrime. In anonymous cryptocurrency trading, traders do not have to verify their identity or provide personal details. They can open virtual bank accounts […]

Will Japan’s Efforts to Halt Trading of Dash, Zcash and Monero Succeed?

by David Drake   The financial regulator in Japan, Financial Services Agency (FSA), has been quietly advising cryptocurrency exchanges in the country to quit trading Zcash, Dash and Monero. The three cryptocurrencies are seen to be favoured by money launderers as well as others who engage in criminal activities. The decision to discourage cryptocurrency exchanges from trading in these altcoins […]

Will Dropping Some Currencies from Exchanges Reduce Crypto Cyber Crime?

by David Drake According to Forbes, Japan’s Financial Services Agency (FSA) has quietly been pressuring cryptocurrency exchanges to stop trading digital currencies that tend to be favored by underworld users. The FSA argues that currencies such as Monero (XMR), Zcash (ZEC), and Dash (DASH) are ideal for money laundering because it is extremely difficult to track them and identify recipients. A […]