NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Japanese Government Reportedly Set To Freez Stolen Crypto – Assets By Passing New Law

Denis
Denis
3 years ago
2 mins read
Japanese Law Seizes Illegally Obtained Cryptocurrency Assets

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The decentralized nature of crypto assets ensures that transactions and activities involving the assets have no third parties interference. This has remained a leveraging feature that decentralized finance uses against its centralized counterpart.

Yet, most criminal activities relating to cryptocurrency are scaling through based on its decentralized characteristics. One of such prevalent crimes is money laundering.

Such loopholes have prompted some jurisdictions to propose laws for crypto and its related activities. The action is to control some of the excesses within the crypto industry and protect citizens investing in cryptocurrencies. Some of the laws center on stolen assets and illegal activities with them.

  Related Reading | Bitcoin Market Cap Shed Over $120-B Last Month – How Much More Can It Lose?

Among the cryptocurrency laws is the new one from Japan that could seize crypto assets obtained illegally. According to the report, the country’s Justice Ministry plans on revising the law on crypto seizures for organized crime-related cases. There’ll be a forceful take-off of any crime-related cryptocurrency with the amended law.

A few days ago, the Japanese parliament passed a bill banning non-banking firms from stablecoin issuance. Their motive was to maintain and enhance consumers’ protection by cutting down potential system risks.

Also, the bill listed the authorized groups that could participate in stable development or issuance. These include local trust firms, licensed banks, and registered agents on money transfers.

Japanese Law Seizes Illegally Obtained Crypto Assets

New reports from local media outlet Yomiuri Shimbun stated some processes that could birth the proposed law. The initial step would be a meeting between the Justice Ministry and the Legislative Council. Another included agenda would be discussions officials could retrieve the private keys of criminals.

With the acceptance of the proposal, the legislature would revise the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999). Hence, both courts and law enforcement officials would have legal backing to seize crime-related cryptocurrencies. These include proceeds from money laundering and others.

Japanese Government Reportedly Set To Freez Stolen Crypto-Assets By Passing New Law
Cryptocurrency market stands at $1.2T | Source: Crypto Total Market Cap on TradingView.com

According to Jiji Press, there’s an expectation that the discussion with the Legislative Council could commence by next month. The law concentrates on confiscating virtual assets from organized crime.

However, it creates no detailed explanation of the procedures for cryptocurrencies acquired illegally. This poses the concern about continuous criminal indulgence in illegal practices using their free assets holdings.

If all the necessary details are kept in the right order, there’ll be no further delay with the law amendment. The cabinet would approve it, followed by the parliament’s signing off. With such moves and the proposal’s nature, the implementation would have no resistance.

  Related Reading | Polygon (MATIC) Price Falls Short Of Reaching Full Potential Despite Recent Developments

Also, the law has listed some of the categories of assets that the officials could seize. However, it’s still confusing to find that cryptocurrency doesn’t match any type. The list includes monetary claims, physical property, and mobile assets like vehicles, supplies, tools, machinery, etc.

Featured image from Pexels, chart from TradingView.com
Tweet123Share196ShareSend
Denis
Denis

Denis

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum On-Chain Bloodbath: Rugs And Scams Erode Retail Confidence, What To Know

The on-chain ecosystem of Ethereum has recently been rocked by a wave of scams and rug pulls, creating a period...

Godspower Owie 7 hours ago
Dogecoin

Analysts Predict Dogecoin Price Will Explode: Why The $1 Mark Is Inevitable

Crypto analysts Kaleo and Mags have predicted that the Dogecoin price will witness a parabolic run, with the potential to...

Scott Matherson 8 hours ago
11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

Ethereum is struggling to defend the $4,000 level after losing more than 11% of its value since Monday. The sharp...

Sebastian Villafuerte 10 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

TAO, Solana, SUI, chainlink

SUI Retest Ascending Triangle Support Amid 8% Drop – Bounce Or Breakdown Next?

Rubmar Garcia 1 hour ago
2026-rate-cycle-brings-soft-bull-bitcoin-hyper-top-altcoin-presales-tw

2026利率主導市場緩牛來襲 Bitcoin Hyper搶佔市場中最佳預售山寨幣

Mark Mak 3 hours ago
ethereum

Ethereum Drops Below $4,000 – Analyst Points To 6 Factors Fueling The Selloff

Ash Tiwari 3 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の展望 ― 0.30ドル到達と「買うべきミームコイン」論争

    ドージコイン 今後の展望 ―...

    15 hours ago
  • リップル 今後の展望:RLUSDステーブルコインがマネーマーケットファンドに統合

    リップル...

    15 hours ago
  • 仮想通貨プレセール動向:次世代ビットコインレイヤー2が資金を集める

    ...

    15 hours ago
  • テザーが5,000億ドル規模の資金調達を計画、今注目すべき仮想通貨おすすめ

    ...

    16 hours ago
  • 新しい仮想通貨のプレセールが250万ドル目前、投資家が急増中

    ...

    16 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.