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Binance Joins Hong Kong Police Department to Confront Cybercrime

Umair Younas by Umair Younas
February 3, 2023 - 9:53 am
in bitcoin news, altcoins news
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The biggest blockchain infrastructure and ecosystem provider across the globe “Binance” has recently participated in and provided support for a Virtual Asset Investigation Course (VAIC). The project was organized by the Hong Kong Police force’s (HKPF) Cyber Security and Technology Crime Bureau (CSTCB). This move is to enhance the law enforcement endeavours to confront the cyber crimes which are increasing across the city.

Binance Collaborates with Hong Kong Police Force in an Endeavor to Confront Cybercrime

The 5-day training project was started by the CSTCB on the 30th of the previous month. The organization of the respective project was made in the Hong Kong Police Headquarters. The representatives related to the HKPF, the Customs and Excise Department (C&E), and the Independent Commission Against Corruption (ICAC) joined the program. Their focus was on fortifying the officers’ capability and knowledge to better tackle as well as prevent crime related to cryptocurrencies.

Specialists from the Law Enforcement Training and Investigations groups of Binance additionally made their contributions to the endeavours made by driving a training session centred around the crypto investigation. Diverse subjects were dealt with taking into account the case studies focusing the crypto-related inquiry techniques. They were additionally related to how the Binance crypto exchange can assist in criminal inquiries while collaborating with the agencies dealing with law enforcement.

Binance’s chief of Law Enforcement Training, Jarek Jakubcek, stated that the security of the consumers has always been the top priority of the crypto exchange. As per Jakubcek, the platform is completely committed to constructing a protected blockchain ecosystem. As per the executive, the platform intends to boost international cybersecurity. In this respect, it also endeavours to partner up with the officials and entities focused on law enforcement as it is of great importance.

Top Crypto Exchange Reaffirms Its Commitment to Eliminate Crime from Digital Finance

In addition to this, the company expressed enthusiasm to operate in collaboration with the Hong Kong Police Force. The firm keeps on attempting to eliminate malicious actors from the ecosystem of digital assets. The platform added that they are confident about their efforts to partnerships to advance the whole sector.

Back in the previous year, the crypto exchange officially declared the Global Law Enforcement Training Program. Apart from that, it has organized above seventy workshops for law enforcement. This reassures the firm’s pledge to confront the crimes in cyberspace and digital finance.

Tags: BinanceEcosystemExchange
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Umair Younas

Umair Younas

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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