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Binance Trains Ukraine’s Cyberpolice and Security Service

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Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries.

Binance Provides Crypto Training to Security Officials in Ukraine

The world’s largest digital asset exchange, Binance, has provided training to Ukrainian law enforcement agencies and regulatory bodies in the form of online seminars for their staff devoted to cryptocurrencies and blockchain technologies.

A representative of the crypto trading platform informed the participants about Binance’s anti-money laundering policy, the crypto news outlet Forklog reported. Methods developed by the exchange to detect and prevent fraud were also presented.

Employees of the Ukrainian Cyberpolice, which is the cybercrime combatting unit of the National Police of Ukraine (NPU), the Security Service of Ukraine (SBU), and the Asset Recovery and Management Agency (ARMA) attended the classes.

Ukraine, which is fighting a bitter war with Russia, responds to various challenges on a daily basis, noted Kiril Khomyakov, Binance general manager for Ukraine and Central Europe. “Among them are financial crimes that threaten the stability and security of the country’s financial ecosystem. Our goal is to unite efforts to prevent cybercrime and, in particular, the financing of terrorism,” he added.

Ukraine’s law enforcement agencies are involved in operations against crypto-related crime. In November, the Cyberpolice force hit a fraud scheme making €200 million a year by luring investors through call centers across Europe. The unit has in the past voiced support for the legalization of cryptocurrencies in the country and in March, last year, started accepting crypto donations.

The Eastern European nation is a leader in crypto

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Author: Lubomir Tassev

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