Binance Will Provide Cryptocurrency Training To Global Authorities

Binance has released more information about its intention to train more authorities around the world in cryptocurrencies, with a global program already visible in Latin America.

In 2021, Binance received several requests for clarification from governments and was even banned from using its platform in several jurisdictions.

However, after the issues, Binance responded by creating training programs for authorities and recently creating a Global Council, integrated among others by Henrique Meirelles, former finance minister in Brazil.

With these strategies, the broker begins to align its activities with governments to avoid new problems, as in the past year.

Binance wants to train cryptocurrency authorities around the world

Binance announced the Global Law Enforcement Training Program that has grown exponentially over the past year with the expansion of its research team.

The pioneering cryptocurrency exchange program was created by the company to support authorities, prosecutors and public investigators in identifying financial and cybercrime.

According to Tigran Gambaryan, Global Head of Intelligence and Investigations at Binance, the news comes at a time when regulators are increasingly interested in cryptocurrencies.

“Regulators, law enforcement and private sector stakeholders are paying increasing attention to cryptocurrencies, and we are seeing a growing demand for training to support education and fight crypto crime. To meet this demand, we’ve strengthened our team to provide more training and work hand-in-hand with regulators around the world.”

Over the past year, Binance’s research team has delivered and participated in more than 30 workshops to combat cyber and financial crime.

The meetings were with investigative and law enforcement agencies from several countries, including Argentina, Brazil, Canada, France, Germany, Israel, the Netherlands, the Philippines, Sweden, South Korea and the United Kingdom.

Training is designed to “protect your users”

In Brazil, Binance has already provided training to federal police officers in Brasília and to prosecutors from the State Prosecutor’s Office of Rio de Janeiro, in addition to presentations at the International Congress on Human Rights of the Federal Police in Maceió, and to prosecutors from the Public Prosecution Service. of São Paulo, the largest in the country.

In September, the exchange participated in a workshop on cybersecurity, blockchain and crypto for researchers in Buenos Aires at the 7th meeting of the Interpol Working Group on Cyber ​​Crime for Heads of Unit of the Americas.

In the capital Asunción, he also trained detectives and prosecutors on Paraguayan cybercrime.

For Tigran Gambaryan, a former member of the US Internal Revenue Service (IRS), this shows the exchange’s commitment to protecting its users.

“Protecting users is a priority at Binance. We work hand in hand with law enforcement to identify and track suspicious accounts and fraud, helping to fight terrorist financing, ransomware, human trafficking, child pornography and financial crime.”