Binance joins forces with Taiwanese law enforcement to tackle cyber threats
As part of its global law enforcement training program, Binance has partnered with the Taiwan Criminal Investigation Bureau (CIB) to provide expert knowledge and support in handling digital asset crimes to more than 200 law enforcement officers in Taiwan.
This collaboration has enabled Binance to expand its reach in offering comprehensive training sessions, both in person and online, with more than fifty sessions conducted throughout the year.
Join the fight against deception
In a move towards combating cybercrime, Binance organized a comprehensive one-day training program in partnership with the Taiwan Criminal Investigation Bureau (CIB) in Taipei on June 8. This collaborative initiative reflects Binance’s dedication to joining forces with law enforcement agencies around the world to combat illegal activities in the digital asset space.
“As more and more people in Taiwan are increasingly interested in cryptocurrency, it is important for the cryptocurrency ecosystem to feel safe and comfortable for users. This is why Binance is putting significant resources and efforts into protecting and enhancing the security of our platform, as well as the security of the broader crypto ecosystem. We welcome We appreciate the collaborative efforts of regulators and law enforcement agencies in Taiwan and look forward to similar cooperation in the future.”
Damian Ho, of Binance Global Partnerships.
The training program, which was led by Binance’s team of experts from its Law Enforcement Training and Investigation division, saw the participation of more than 200 live and virtual law enforcement officers.
The workshop covered several critical aspects, including emerging trends in cryptocurrency-related crime, advanced investigative techniques, and real-world case studies that showcase the successful collaboration between Binance and law enforcement agencies in combating deceptive cybercriminals.
crypto.news has reached out to the Binance team about the impact of this announcement on the industry in general and is still awaiting a response.
Despite their efforts to educate users against scams, Binance is still facing a lawsuit related to their alleged “deceptive practices”.
Since Monday, US regulators are currently taking partial action against Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao, accusing them of running a complex scheme involving deceptive practices. The lawsuit adds to the mounting challenges facing Binance and has caused a significant drop in the price of Bitcoin, which reached its lowest level in nearly three months.
Despite initial comments from Binance CEO CZ, Binance Twitter focused on their advancement in other areas of the business, including its global law enforcement training program and bitcoin mining cloud mining products.