Binance has offered training seminars for Ukrainian law enforcement officials. The major crypto trading platform has participated in dozens of similar efforts in various nations over the past year.
Ukraine’s Security Officials Get Crypto-Savvy with Binance’s Program
The world’s largest digital asset exchange, Binance, has offered Ukrainian law enforcement agencies and regulatory authorities training in the areas of cryptocurrencies and blockchain technologies via online seminars.
According to the crypto news outlet Forklog, a representative of the crypto trading platform notified participants of Binance’s anti-money laundering policy. Detection and prevention methods created by the exchange were also presented.
Classes were attended by personnel from the Ukrainian Cyberpolice, the cybercrime fighting unit of the National Police of Ukraine (NPU), the Security Service of Ukraine (SBU), and the Asset Recovery and Management Agency (ARMA).
According to Kiril Khomyakov, the general manager for Ukraine and Central Europe at Binance, Ukraine, which is currently engaged in a bitter war with Russia, faces numerous challenges on a daily basis. One of the challenges is financial crimes, which pose a threat to the stability and security of the country’s financial ecosystem. Khomyakov stated that their aim is to collaborate with others to prevent cybercrime, particularly the financing of terrorism.
The law enforcement authorities of Ukraine conduct operations against crypto-related criminality. In November, the Cyberpolice team disrupted a fraud scheme that generated €200 million annually by enticing investors through European call centers. The unit has previously expressed support for the legalization of cryptocurrencies in the country and began receiving crypto donations in March of last year.
The Eastern European nation is a forerunner in crypto adoption and has been working with market participants to regulate the system. ARMA has been exchanging information with major crypto trading platforms regarding wallet ownership since November as part of criminal procedures.
Throughout the past year, the Investigations team of Binance hosted and participated in over thirty workshops on cybercrime and financial crime. Representatives of law enforcement agencies from numerous nations have attended these events.
Also, the exchange has been involved in educational programs in the region. In February, it decided to promote Georgia’s crypto industry development through education and events centered on crypto. In December, Binance started a blockchain education program in Kazakhstan and offered help for Azerbaijan’s regulatory initiatives.