Alerts Sign-up
Binance, the world's largest cryptocurrency exchange, has announced that it hosted a virtual law enforcement training session for members of the International Criminal Police Organization (INTERPOL). INTERPOL, with its headquarters in Lyon, France, comprises 196 member countries.
Norwegian government freezes and returns $5.7 million connected to Ronin hack
Breaking: Robinhood to Acquire Bitstamp Crypto Exchange in $200 Million All-Cash Deal
Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release
HOOD Stocks Will Explode, It's the Deal of the Century According to Experts
Bitcoin - European Central Bank (ECB) Reopens the Floodgates
SEC’s Gary Gensler ditches favourite crypto broadside
Will Dogecoin hit $1 in June? What the forecasts tell us
Author: U.S. citizen detained in Nigeria is being 'denied proper medical treatment for malaria'
France: Lugh announces the end of its stablecoin EURL – Why?
Europe: Bitpanda announces major partnership with Deutsche Bank
What are the 5 cryptocurrencies that performed best in May 2024?
Binance to restrict 'unauthorized' stablecoins in EU starting June 30, urges users to switch to regulated tokens
Ethereum ETF: 3 reasons for future failure for JPMorgan
SpacePay Brings Crypto To Traditional Commerce Using Revolutionary Payment Software – Next Big Altcoin of 2024?
Crypto: The impact of the European elections on regulation
“We must change this peremptory tone”: Bruno Le Maire tackled by the Finance Commission on the public deficit
Bitcoin and gold: A growing correlation to closely monitor
Franklin Templeton files amended S-1 for spot Ethereum ETF, lists 0.19% fee
Breaking: DMM Bitcoin Loses 4,502.9 BTC in $305 Million Crypto Hack
A crypto developed thanks to ChatGPT has gained more than 2,000%
DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs
SEC condemned for abuse of power
The U.S. Response to Binance Exec Tigran Gambaryan's Detention Is Shameful
Binance France drops CZ and names two new shareholders to preserve European foothold
Jailed Binance exec in Nigeria is struck by malaria amid anguished pleas from his lawyers and family
SOL, XRP Could Be Possible Candidates for ETFs, Standard Chartered Says
The Paris stock exchange falls as the Fed delays cutting its rates
DOGE: Kabosu, the dog behind the memecoin Dogecoin, died at the age of 17
Ethereum spot ETF (ETH): SEC approves plans from NYSE, CBOE and Nasdaq
Binance exec collapses in Nigerian court as health worsens in prison
Binance leads training session for INTERPOL officers to address cybercrime threats
Binance Head of Financial Crime Compliance Tigran Gambaryan (left) and INTERPOL President Major General Ahmed Naser Al-Raisi (right) | LinkedIn/tigran-gambaryan, X/INTERPOL_HQ
Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
According to a post on Binance's website, over 30 INTERPOL officers participated in the training held on Jan. 24. The session was led by Binance's Financial Crime Compliance team and focused on digital asset investigations and cybercrime threat mitigation. The company's experts imparted knowledge on the techniques they employ to assist global law enforcement agencies and collaborative efforts such as seizing illicit funds. Jarek Jakubcek, Binance's Head of Law Enforcement Training, stated that the company employs a "holistic and collaborative approach" to cybersecurity and is "honored" to play a leading role in collaborating with law enforcement. In 2023 alone, Binance’s Financial Crime Compliance team conducted 120 law enforcement training sessions.
Horest Au Yeung, an INTERPOL representative, expressed in a statement shared in the post that as digital asset adoption continues to rise, more crimes are being witnessed in the digital space. He emphasized the importance of cross-collaborations between industry experts like Binance and the law enforcement community for effective information sharing and strategy refinement to tackle this emerging type of cyber transgressions. He said: "We recognize the value of these sessions in helping us to foster a deeper understanding of the Web3 space so that we are better prepared to address related threats in the future."
Documents disclosed during Binance's settlement with U.S. government agencies last November revealed praises for Binance's collaboration with global law enforcement agencies from bodies such as the U.S. Financial Crimes Enforcement Network (FinCEN) and the U.S. Office of Foreign Assets Control (OFAC), according to another post. FinCEN acknowledged that Binance "works closely with law enforcement agencies worldwide related to this type of illicit activity, including Hydra, darknet markets, and hacks" and has "proactively cooperated with global law enforcement and blockchain vendors to combat terrorism financing."
Launched in 2017 as per CoinMarketCap, Binance had a daily trading volume of approximately $76 billion as of August 2022, making it the world's largest crypto exchange. Binance lists over 350 tokens and enables users to buy, sell, and store digital assets.
More News
The UK cryptocurrency market continues to pose challenges for exchanges as they adapt to stricter regulatory requirements. Cryptocurrency exchange Bitget recently relaunched its UK platform after halting services in May 2024 to comply with the UK Financial Conduct Authority’s (FCA) Financial Promotions regime. This relaunch reflects Bitget’s efforts to align with the FCA’s evolving standards, aimed at enhancing consumer protection in the digital asset space.
The Italian government recently announced a plan to increase the capital gains tax on bitcoin and other cryptocurrencies from 26% to 42%. This proposal, part of broader fiscal measures to support election pledges and reduce Italy’s fiscal deficit, has raised concerns among cryptocurrency investors and industry leaders.
On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.
The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.
OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.
On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.
Trending
