Bitcoin News and Finance
Binance Trains Ukraine’s Cyberpolice and Security Service Skip to main content

Binance Trains Ukraine’s Cyberpolice and Security Service

Binance Trains Ukraine’s Cyberpolice and Security Service

Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries.

Binance Provides Crypto Training to Security Officials in Ukraine

The world’s largest digital asset exchange, Binance, has provided training to Ukrainian law enforcement agencies and regulatory bodies in the form of online seminars for their staff devoted to cryptocurrencies and blockchain technologies.

A representative of the crypto trading platform informed the participants about Binance’s anti-money laundering policy, the crypto news outlet Forklog reported. Methods developed by the exchange to detect and prevent fraud were also presented.

Employees of the Ukrainian Cyberpolice, which is the cybercrime combatting unit of the National Police of Ukraine (NPU), the Security Service of Ukraine (SBU), and the Asset Recovery and Management Agency (ARMA) attended the classes.

Ukraine, which is fighting a bitter war with Russia, responds to various challenges on a daily basis, noted Kiril Khomyakov, Binance general manager for Ukraine and Central Europe. “Among them are financial crimes that threaten the stability and security of the country’s financial ecosystem. Our goal is to unite efforts to prevent cybercrime and, in particular, the financing of terrorism,” he added.

Ukraine’s law enforcement agencies are involved in operations against crypto-related crime. In November, the Cyberpolice force hit a fraud scheme making €200 million a year by luring investors through call centers across Europe. The unit has in the past voiced support for the legalization of cryptocurrencies in the country and in March, last year, started accepting crypto donations.

The Eastern European nation is a leader in crypto adoption and has been taking steps to regulate the market in cooperation with its participants. Since, November, ARMA is exchanging information with major crypto trading platforms about the ownership of wallets as part of criminal proceedings.

Binance’s Investigations team has hosted and participated in over 30 workshops on cybercrime and financial crime over the past year, the report noted. These have been attended by representatives of law enforcement agencies from various nations.

The exchange has been engaged in educational projects in the region, too. In February, it agreed to support Georgia in developing its crypto sector through education and crypto-focused events. In December, Binance launched a blockchain education program in Kazakhstan and offered to support Azerbaijan’s regulatory efforts.

Do you know of other crypto exchanges conducting training courses for law enforcement agencies? Tell us in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory