The year 2022 was challenging for the entire crypto industry. Numerous businesses and exchanges have collapsed during a protracted bear market, yet Binance has managed to stay afloat. Since it was founded, Binance has developed a name for itself in the cryptocurrency sector. One of the most popular and well-known bitcoin exchanges now uses the platform. Due to its user-friendly platform and reasonably low costs, CZ’s exchange is appealing to everyone.
The number of scams and exploits linked to cryptocurrencies increased along with its popularity. The number of individuals trying to take advantage of this chance and profit from even the smallest security flaw in the cryptocurrency industry is growing.
Binance introduces a global law enforcement training program in an effort to control the exploiters and perhaps apprehend the offenders.
Officials globally to assist Binance in a new endeavor
Over the past 12 months, Binance’s research team has significantly expanded. The present scheme will help lawmakers more in their efforts to seize and prosecute exploiters of digital assets.
Law enforcement representatives from nations like Argentina, Brazil, Canada, France, Germany, Israel, the Netherlands, the Philippines, Sweden, South Korea, and the UK have worked with the Binance Investigations team. Over the previous year, these countries have participated in over 30 workshops on combatting financial and cybercrime. The blog post stated,
“As more regulators, public law enforcement agencies, and private sector stakeholders look closely at crypto, we are seeing an increased demand for training to help educate on and combat crypto crimes,” Tigran Gambaryan, Binance’s Global Intelligence, and Investigations head.
According to Gambaryan, the team has been working and training more closely with international regulators.
The investigative team of Binance will send experts and top practitioners to the program. The one-day training course will help the participants receive a personalized explanation of cryptocurrency and blockchain.
There will also be a talk about the firm’s investigative techniques and anti-money laundering policies. The effort would help international regulators to educate themselves and help them find offenders using digital assets.