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Japan plans to combat fraud among crypto dealers

Japan’s top financial regulator said his planned platform to combat money laundering could include cryptocurrency dealers, which he said have the same obligation as traditional financial institutions to make sure they don’t deal with criminals.

The Financial Services Agency has said it is planning to create a common industrywide system that financial firms could use to judge whether their clients might be terrorists and whether client accounts are at risk of being used for money laundering.

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