Crypto exchange Binance held a training course for representatives of Ukrainian law enforcement authorities. The leading coin trading platform has hosted dozens of similar initiatives in a number of countries over the past year.
Binance Offers Crypto Training to Ukrainian Security Officials
Binance, the world’s largest digital asset exchange, is offering training to Ukrainian law enforcement and regulatory agencies in the form of online seminars for officials specializing in cryptocurrency and blockchain technology.
Representatives of the crypto trading platform informed participants about Binance’s anti-money laundering policy, crypto news outlet Forklog reported. They also introduced methods developed by the exchange to detect and prevent fraud.
Officials from the Ukrainian Cyber Police, the cybercrime unit of the National Police of Ukraine (NPU), the Security Service of Ukraine (SBU), and the Asset Recovery and Management Agency (ARMA) attended the course, according to the report.
Ukraine, which is engaged in a fierce war with Russia, deals with a variety of challenges on a daily basis, noted Kiril Khomyakov, general manager for Ukraine and Central Europe at Binance. ‘These include financial crimes that threaten the stability and security of Ukraine’s financial ecosystem. Our goal is to combine our efforts to prevent cybercrime and especially the financing of terrorism,” he added.
Ukrainian law enforcement agencies are involved in operations against crypto-related crimes: in November, a cyberpolice unit uncovered a fraudulent scheme that lures investors through call centers across Europe and earns €200 million annually. The unit has in the past voiced support for the legalization of cryptocurrencies in the country and began accepting cryptocurrency donations last March.
The Eastern European country is a leader in crypto adoption and is working with participants to take steps to regulate the market; since November, ARMA has exchanged information with major crypto trading platforms about wallet ownership as part of criminal proceedings.
Binance’s investigative team has reportedly hosted and participated in more than 30 workshops on cybercrime and financial crime over the past year. These have included representatives of law enforcement agencies from various countries.
The exchange has also been involved in educational projects in the region: in February, it agreed to support the development of Georgia’s crypto sector through educational and crypto-focused events; in December, Binance launched a blockchain education program in Kazakhstan and offered to support Azerbaijan’s regulatory efforts.
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