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Japan’s National Police Agency plans to employ new software to track cryptocurrency transactions

Japan’s National Police Agency (NPA) plans to employ new software which can track cryptocurrency transaction history, Japan’s national public broadcasting organization NHK reported August 30.

In 2019, the National Police Agency will put special software into service to track the history of virtual currency transactions within the country. The move comes as part of an effort to fight the increased level of cryptocurrency misuse and thefts.

The software was developed by a private company, the name of which has not been disclosed. According to NHK, this software can extract transaction data needed for an investigation, visualize it from open records, and show what crypto exchange operators used the currency for.