Crypto

Latest Crypto News: Binance Launches Training Program For Law Enforcement Officials To Catch Criminals, Crypto.com Gets Green Light To Operate In France

Binance, the world’s largest cryptocurrency trading platform, announced on Tuesday that it has launched a global training program for law enforcement officials on identifying cybercriminals. The program responds to the growing demand for assistance from public and private institutions.

In a statement, Binance said it was the first globally coordinated effort in the industry. Besides crime detection, the training program includes assistance in prosecuting “bad actors who exploit digital assets”, he said.

“We work hand-in-hand with law enforcement to track suspicious accounts and fraudulent activity, helping to combat terrorist financing, ransomware, human trafficking, child pornography and financial crimes. “, Tigran Gambaryan, Binance’s Vice President of Global Intelligence and Investigations, said in the statement.

Last month, the Federal Bureau of Investigation (FBI) issued a warning about how hackers were increasingly using loopholes in the decentralized financial system (DeFi) to steal investors’ money. The agency, citing data from blockchain analytics firm, Chainalysis, said hackers stole $1.3 billion in cryptocurrencies in the first three months of 2022, which is around 97% stolen assets on DeFi platforms.

Crypto.com gets nod to work in France

Singapore-based digital asset trading platform Crypto.com has received authorization to operate as a digital asset service provider (DASP) in France, the company announced on Wednesday.

According to a press release, the platform has registered with the Autorité des marchés financiers (AMF), the main regulator of the French market. “Crypto.com has undergone rigorous review, particularly around anti-money laundering and anti-terrorist financing, in order to receive regulatory approval,” he said. declared.

SWIFT links with chain link

Chainlink, which offers price feeds and other data to blockchains, is collaborating with SWIFT, an interbank messaging system that enables cross-border payments, on a Cross-Chain Interoperability Protocol (CCIP). By enabling on-chain token transfer instructions via SWIFT messaging, CCIP facilitates interbank network interfacing with all types of blockchain settings.

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