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.
Columbia Business Professor: 'we will be reaching the point where transacting on blockchains is absolute poison for criminals'
SEC files appeal in Ripple lawsuit
Is Visa Preparing a Crypto Revolution for Banks with VTAP?
Binance announces full digital asset license in Kazakhstan
Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: Sources
Can the third world war break the Bitcoin cycle and prevent the next bull run?
SEC appeals Ripple case ruling, citing conflict with Supreme Court precedent
Bitcoin Crumbles to $60K, Giving Up Most Post-Fed Rate Cut Gains
Three OpenSea execs quit in last three months as troubles mount for NFT marketplace
UK regulators open sandbox to unlock a $14tn tokenisation bonanza
Bitcoin Tumbles Back Below $64K as Surprise Japan Prime Minister Choice Triggers 5% Plunge in Nikkei
Changpeng Zhao on his plans: “Binance seems to be doing well without me at the wheel, which is great”
QCP Capital forecasts continued risk-on sentiment for bitcoin after strong September
Bitcoin Prices Show Positive 30-Day Correlation With China's Central Bank Balance Sheet
Base: the Coinbase Layer-2 passes the 2 billion TVL mark
Binance announces collaboration to combat scam operation in Indonesia
Tornado Cash case: Developer Roman Storm faces 45 years in prison
US ambassador to the United Nations presses Nigeria to release jailed Binance exec
Retail Accumulation and Exchange Outflows Drive Market Optimism for Bitcoin
How Worldcoin’s crypto giveaway in Berlin exploded in fistfights with Chechens and ‘undesirables’
Binance CEO: 'proud to have successfully secured our 19th global regulatory approval in India'
Societe Generale partners with Bitpanda to democratize access to the EURCV stablecoin
Binance launches its pre-market offer to acquire cryptocurrencies before their listing
Coinbase adds Solana cbBTC support as Bitcoin-backed token race heats up
Sygnum Unit Receives Liechtenstein License as a Crypto Asset Service Provider
He used his clients' cryptos to buy luxury cars – A scammer sentenced to pay 36 million dollars
Ethereum transaction fees surge even as active accounts fall to year-to-date lows
MultiversX co-founder: 'talking to incredible people about the next big things in Web3' at Token 2049
Rising crypto litigation – L’AMF adds multiple entities to its blacklist
Binance CEO: 'Had a great time meeting the global crypto community' at Token 2049
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
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.
On November 6, the UK government issued an updated version of the Property (Digital Assets Etc.) Bill, clarifying its approach to defining digital assets, including crypto tokens, as recognized property under English law. The update aims to provide greater security and clarity for individuals and businesses engaging with digital assets.
Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."
Trending
