Japan's Financial Services Agency (FSA) announced on February 27 its support for a private-sector pilot project aimed at enhancing anti-money laundering (AML) measures in the cryptocurrency sector. The initiative, proposed by Hitachi, involves collaboration with several cryptocurrency exchanges, stablecoin-related companies, and blockchain analytics firms. Scheduled to run from March to May 2026, the pilot will test a new information-sharing framework among private entities. This framework aims to improve AML monitoring and risk identification by sharing information on wallet addresses suspected of illicit activities across the industry.