On March 3, Japanese regulators are seeking assistance from the private sector to strengthen anti-money laundering (AML) measures for cryptocurrencies. The Financial Services Agency (FSA) announced that over the next three months, it will support pilot projects involving companies such as GMO Coin, Bitbank, and Chainalysis Japan to test compliance for cryptocurrency transactions, stablecoins, and NFTs.
Aleksander Gora, Head of Identity and Digital Trust at security services firm Teranode Group, stated that global trends show the private sector is playing an increasingly important role in AML enforcement, as it has access to transaction data and technological resources. The FSA aims to achieve cross-agency information sharing through the private sector framework, including wallets suspected of fraud, to enhance the effectiveness of AML measures.
Additionally, several major Japanese companies are participating in the pilot, including Rakuten Group’s crypto division, Nomura Securities, and Hitachi Group. Shiv Shankar noted that Japan’s cautious regulation combined with forward-looking technology makes a model where standards are set by the government and implemented by private companies very suitable for the local environment. This collaboration is expected to promote the integration of cryptocurrencies into the mainstream financial system and support Tokyo’s goal of full cryptocurrency adoption by 2028.
In the financial sector, Nomura Securities is seeking to obtain a Japanese operating license for its European crypto exchange, while Daiwa Securities Group and SMBC Nikko Securities are considering similar initiatives. As banks and securities firms launch yen-pegged stablecoins and expand crypto financial services, cross-sector cooperation will be key to improving compliance and market confidence. Market observers believe this trend could attract more institutional investors to Japan’s crypto market and strengthen efforts to prevent money laundering risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Pentagon has reached multiple agreements with defense contractors to significantly expand missile system production.
The Pentagon has reached multiple framework agreements with major defense contractors to accelerate the production of key missile systems, especially to boost the output of THAAD missiles and precision strike missiles. Honeywell is also investing $500 million to expand ammunition component manufacturing.
GateNews26m ago
Iran states that it does not accept a ceasefire and will not enter negotiations with the party in default.
Gate News: According to Iran's Fars News on March 25, sources indicate that Iran will not accept a ceasefire nor will it enter into any negotiation process with the breaching party.
GateNews27m ago
Turkey Depletes Approximately $30 Billion in Foreign Reserves Over Three Weeks, May Mobilize Gold Reserves to Stabilize Exchange Rate
Due to deteriorating Middle East tensions, Turkey's foreign exchange reserves are declining rapidly, triggering market concerns about exchange rate stability. The central bank has deployed $30 billion to support the lira and may replenish liquidity through gold reserve sales. Rising international oil prices have exacerbated inflation and trade deficits, leaving Turkey facing pressure for currency depreciation and interest rate increases.
GateNews40m ago
Survey Shows UK Young People Broadly Optimistic About Cryptocurrency, Support Crosses Party Lines
A survey shows that cryptocurrency is quite popular among young people in the UK, with 64% of left-leaning party supporters having heard of cryptocurrency. Although right-wing parties such as the UK Reform Party support the crypto industry, its appeal has transcended partisan lines. The government faces industry pressure on regulation, with slow progress in advancing it.
GateNews1h ago
MIIT Solicits Opinions on 121 Industry Standards, Including Artificial Intelligence Security Governance and Other Fields
Gate News: On March 25th, the Science and Technology Department of the Ministry of Industry and Information Technology publicly solicited opinions on 121 industry standard planned projects, including "Artificial Intelligence Safety Governance Model Context Protocol Application Security Requirements," and released a related list of proposed standard projects to be established. The public announcement period is from March 26 to April 24, 2026.
GateNews1h ago
Israeli Defense Minister: Israel Dropped 15,000 Bombs on Iran, Four Times the Total of Previous Conflict
Gate News report: On March 25th, according to Solid Intel, Israel's Defense Minister stated that Israel dropped 15,000 bombs on Iran, a quantity four times the total from the previous 12-day conflict.
GateNews1h ago
