Chinese Police AI Algorithm Cracks Down on Cryptocurrency Money Laundering

Researchers at China's national police academy have developed an AI framework that can detect illicit cryptocurrency transactions with nearly 90% accuracy.

The study, published in the Journal of Intelligence, aimed to tackle the growing problem of money laundering and other illegal activities linked to cryptocurrencies.

Cryptocurrency transactions are often pseudonymous and cross-border, making them vulnerable to misuse. The AI framework, developed by researchers from the People's Public Security University of China, can detect illicit transactions with a high degree of accuracy.