Hitachi collaborates with 12 Japanese companies to conduct an empirical experiment to enhance the effectiveness of anti-money laundering measures for encrypted transactions
According to ChainCatcher news reported by CoinDesk, Hitachi and 12 Japanese companies related to digital asset trading announced that they will begin an empirical experiment in February 2025 aimed at improving the effectiveness of anti-money laundering (AML) measures in the trading of cryptocurrencies, stablecoins, NFTs, and other digital assets.In the experiment, information related to money laundering 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 operations in domestic blockchain transactions. This approach aims to verify the actual effects of improved AML accuracy and reduced costs. Participating companies include NTT Digital, Optage, Crypto Garage, JPYC, Chainalysis Japan, Digital Platformer, NEC, Nomura Holdings, Bitbank, finoject, Hokuriku Bank, and Laser Digital Japan.Currently, digital asset trading companies are responding to regulations individually, facing challenges such as high compliance costs and a shortage of AML professionals. At the same time, it is expected that strengthened regulations in the future will bring more challenges. This experiment aims to address these issues through the sharing of systems, talent, and information. The experiment period is from February to April 2025.
