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Binance aids Hong Kong police to fight cybercrime

binance-aids-hong-kong-police-to-fight-cybercrime
Edited by
News
Binance aids Hong Kong police to fight cybercrime

Binance and the Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force (HKPF), have concluded a 5-day training program dubbed Virtual Asset Investigation Course (VAIC). The program is designed to bolster law enforcement efforts against cybercrimes in Hong Kong.

Binance tackles cybercrime with the HKPF

To empower law enforcement agents with the tools and skills they need to investigate and fight cybercrimes within Hong Kong’s fledgling Web3 ecosystem, Changpeng ‘CZ’ Zhao’s Binance, the world’s largest bitcoin (BTC) trading venue and leading blockchain ecosystem, has concluded a 5-day training program in collaboration with the Hong Kong Police Force (HKPF).

Dubbed the Virtual Asset Investigation Course (VAIC), the program was organized by the Cyber Security and Technology Crime Bureau (CSTCB) of the HKPF, with other law enforcement agencies in attendance, including the Independent Commission Against Corruption (ICAC) and the Customs and Excise Department (C&E).

The Binance team trained officials on crypto crime-fighting, including crypto-related investigation techniques.

Commenting on the successful cybercrime investigation initiative, Jarek Kajubcek, Head of Law Enforcement Training at Binance, reiterated that the security of its users remains the exchange’s top priority, adding that Binance is “fully committed to building a secure blockchain ecosystem by bolstering cybersecurity.”

Hong Kong creating amenable Web3 laws

Since launching its Global Law Enforcement Training Program last year, Binance claims it has conducted over 70 law enforcement workshops across various jurisdictions, reaffirming its dedication to fighting crypto and cybercrimes.

Hong Kong authorities have signaled plans to make the city a hotbed for innovative technologies such as crypto. The city has been doing everything within its power to attract bitcoin-linked businesses.

As recently reported by crypto.news, the Hong Kong Monetary Authority (HKMA) has revealed plans to establish a new stablecoin regulatory regime to foster consumer protection and prevent TerraUSD (UST)-type depegs in the future.

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