[Japanese Osaka Police Arrest 3 Suspects in Stablecoin Money Laundering Case Involving Billions of Yen] BlockBeats News, June 20, according to reports from Japan's Kyodo News, Osaka Prefectural Police arrested three men on suspicion of violating the Organized Crime Punishment Act for allegedly laundering criminal proceeds on behalf of an investment fraud group. It is reported that these three individuals converted approximately 14 million yen from 10 victims across six prefectures into stablecoins and other crypto assets to conceal the source of the funds. According to Osaka Prefectural Police, the three suspects are considered 'over-the-counter traders' who conduct peer-to-peer cryptocurrency transactions without using trading platforms and are believed to have been involved in money laundering activities amounting to billions of yen. [Original Link]