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News

Binance To Promote Against Cybercrime In Taiwan

June 8, 2023 - Around 3 mins mins to read

Key Points:

  • Binance has cooperated with Taiwan’s Criminal Investigation Bureau (CIB) to share its expertise in combating digital asset-related crimes with more than 200 Taiwanese law enforcement officers.
  • As part of the Binance Global Law Enforcement Training Program, the program has held more than 50 in-person and online sessions this year.
  • In September 2022, the exchange officially launched a global law enforcement training program, the industry’s first global coordinated action.
Binance held a one-day training event in Taipei on June 8 in partnership with Taiwan’s Criminal Investigation Bureau (CIB).
Binance To Step Up Against Cybercrime In Taiwan

This engagement is part of our larger effort to tackle cybercrime in conjunction with law enforcement organizations throughout the world.

The program is planned and delivered by professionals from Binance‘s Law Enforcement Training and Investigative team, and it will be attended by over 200 law enforcement personnel, both on-site and digitally.

The program included a variety of themes, such as cryptocurrency-related crime trends, research tactics, and case studies of the exchange’s partnership with law enforcement organizations to combat cybercrime.

Damien Ho, Global Partnerships at Binance, stated:

“As a growing number of people in Taiwan grow an interest in cryptocurrency, it is important that the crypto ecosystem feels safe and comfortable for users. That is why Binance puts substantial resources and effort into safeguarding our platform and strengthening its security, as well as that of the broader crypto ecosystem. We welcome the collaborative efforts of regulators and law enforcement agencies in Taiwan, and look forward to similar collaborations in the future.”

Binance To Step Up Against Cybercrime In Taiwan

Binance officially began the Global Law Enforcement Training Program in September 2022, the industry’s first worldwide coordinated effort of its type. In the first five months of 2023, the firm had over 50 in-person and virtual training sessions.

Binance is also now having issues with American authorities. The US Securities and Exchange Commission sued the exchange and its billionaire founder, Changpeng Zhao, charging that they conspired to recruit American consumers to their unregulated foreign exchange, mixed investor money with their own, and violated securities laws. The 13 allegations follow the CFTC’s earlier this year filing of a similar case against the company and Zhao.

Binance To Promote Against Cybercrime In Taiwan

The SEC is also attempting to seize Binance’s assets, the world’s biggest cryptocurrency exchange. The SEC said in an emergency application for a temporary restraining order filed on Tuesday that it took this decision to protect consumer assets.

According to the filing, the exchange has engaged in “violent conduct” for years in violation of US laws, avoidance of regulatory monitoring, and open issues concerning numerous financial transactions and the custody and management of Client Assets.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Binance

Criminal Investigation Bureau

Taipei

Taiwan

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Binance To Promote Against Cybercrime In Taiwan

Key Points:

  • Binance has cooperated with Taiwan’s Criminal Investigation Bureau (CIB) to share its expertise in combating digital asset-related crimes with more than 200 Taiwanese law enforcement officers.
  • As part of the Binance Global Law Enforcement Training Program, the program has held more than 50 in-person and online sessions this year.
  • In September 2022, the exchange officially launched a global law enforcement training program, the industry’s first global coordinated action.
Binance held a one-day training event in Taipei on June 8 in partnership with Taiwan’s Criminal Investigation Bureau (CIB).
Binance To Step Up Against Cybercrime In Taiwan

This engagement is part of our larger effort to tackle cybercrime in conjunction with law enforcement organizations throughout the world.

The program is planned and delivered by professionals from Binance‘s Law Enforcement Training and Investigative team, and it will be attended by over 200 law enforcement personnel, both on-site and digitally.

The program included a variety of themes, such as cryptocurrency-related crime trends, research tactics, and case studies of the exchange’s partnership with law enforcement organizations to combat cybercrime.

Damien Ho, Global Partnerships at Binance, stated:

“As a growing number of people in Taiwan grow an interest in cryptocurrency, it is important that the crypto ecosystem feels safe and comfortable for users. That is why Binance puts substantial resources and effort into safeguarding our platform and strengthening its security, as well as that of the broader crypto ecosystem. We welcome the collaborative efforts of regulators and law enforcement agencies in Taiwan, and look forward to similar collaborations in the future.”

Binance To Step Up Against Cybercrime In Taiwan

Binance officially began the Global Law Enforcement Training Program in September 2022, the industry’s first worldwide coordinated effort of its type. In the first five months of 2023, the firm had over 50 in-person and virtual training sessions.

Binance is also now having issues with American authorities. The US Securities and Exchange Commission sued the exchange and its billionaire founder, Changpeng Zhao, charging that they conspired to recruit American consumers to their unregulated foreign exchange, mixed investor money with their own, and violated securities laws. The 13 allegations follow the CFTC’s earlier this year filing of a similar case against the company and Zhao.

Binance To Promote Against Cybercrime In Taiwan

The SEC is also attempting to seize Binance’s assets, the world’s biggest cryptocurrency exchange. The SEC said in an emergency application for a temporary restraining order filed on Tuesday that it took this decision to protect consumer assets.

According to the filing, the exchange has engaged in “violent conduct” for years in violation of US laws, avoidance of regulatory monitoring, and open issues concerning numerous financial transactions and the custody and management of Client Assets.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

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