Binance has released more information about its intention to train more authorities around the world in cryptocurrencies, with a global program that has already started to be seen in Latin America. In 2021, Binance received several requests for clarification from governments and was even banned from operating its platform in several jurisdictions. However, after the problems, Binance reacted by creating training programs for authorities and recently created a global council, integrated among others by Henrique Meirelles, former Minister of Finance in Brazil. With these strategies, the broker begins to level its activity with governments, to avoid new problems as in the last year.
Binance Wants to Train Cryptocurrency Authorities Around the World
Binance announced the Global Law Enforcement Training Program that has grown exponentially with the expansion of the investigation team over the last year. The pioneering program among cryptocurrency exchanges was created by the company to support authorities, prosecutors and public investigators in identifying financial and cyber crimes. 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 see a growing demand for training to support education and fighting crypto-crime. To meet this demand, we have strengthened our team to provide more training and work hand in hand with regulators around the world.”
Over the past year, Binance’s investigation team has conducted and participated in over 30 cyber and financial crime-fighting workshops. The meetings were with investigation and law enforcement authorities from several countries, including Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, United Kingdom, among others.
Training aims to “protect your users”
In Brazil, Binance has already provided training to Federal Police agents in Brasília and to prosecutors from the Public Ministry 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 Ministry. of São Paulo, the largest in the country. In September, the exchange participated in a workshop on cybersecurity, blockchain and crypto for investigators in Buenos Aires at the 7th Meeting of the Interpol Working Group on Cyber Crime for Heads of Unit of the Americas. He also conducted training for investigators and prosecutors focused on Paraguay’s cybercrime, in the capital Asunción. For Tigran Gambaryan, a former member of the US Internal Revenue Service (IRS), this shows that the exchange is committed to protecting its users.
“Protecting users is a priority at Binance. We work hand in hand with law enforcement to track and follow suspicious accounts and fraud, contributing to the fight against the financing of terrorism, ransomware, human trafficking, child pornography and financial crimes.”
