Odaily Planet Daily News: Chainalysis pointed out in a blog post that there have been many seemingly positive developments in the cryptocurrency ecosystem this year.
It points out that with the approval of spot Bitcoin and Ethereum ETFs by the United States and the revision of fair accounting rules by the Financial Accounting Standards Board (FASB), cryptocurrencies continue to gain mainstream recognition in many aspects.
Chainalysis also mentioned that the amount of funds flowing into "legitimate" services so far this year is the "highest level" since 2021 (the last bull market peak). It pointed out that illegal activity funds have decreased by 19.6% so far this year, from $20.9 billion to $16.7 billion, indicating that the growth rate of legal activities is faster than that of illegal activities on the chain
These signs indicate that cryptocurrencies will continue to be adopted globally, and are also reflected in Japan's cryptocurrency ecosystem. Overall, the exposure rate of Japanese services to illegal entities worldwide is typically low, such as sanctioned entities, dark web marketplaces (DNM), and ransomware services, as most Japanese services primarily target Japanese users
But the report clarifies that this does not mean that Japan is "completely immune from the impact of cryptocurrency related crimes," as public reports including Japan's Financial Intelligence Unit (FIU) JAFIC emphasize that cryptocurrencies pose "significant money laundering risks. Chainalysis further points out that although Japan's exposure to international illegal entities may be limited, the country "is not without its own local challenges. Off chain criminal entities that use cryptocurrency are common but often unknown." (Crowdfund Insider)
