Binance, which is being sued by US regulatory authorities for a wide range of issues while also facing major operational challenges globally, says that it is pleased to be promoting the safety of the virtual-asset ecosystem.
Following a law enforcement training workshop in collaboration with the Taiwan Criminal Investigation Bureau and the New Taipei District Prosecutor’s Office, and with the support of the Taiwan High Prosecutors Office, Binance is further “expanding cooperation with Taiwan crime fighters.”
Binance is set to deliver “a series of training courses with over 10 prosecutor’s offices in Taiwan, helping Taiwan’s law enforcement officers acquire up-to-date knowledge and enhancing their crime-fighting capabilities.”
Advancing public-private collaboration in “combating crypto-related criminal activities, Binance’s Compliance team partnered with the Taiwan High Prosecutors Office to organize a full-day Investigation of Virtual Currency Crimes 2023 Seminar on November 9.”
The event had reportedly “brought together more than 50 law enforcement officers, including the Head Prosecutor of the Taiwan High Prosecutors Office, Zheng Xin-Hong, Chief Prosecutor of Kaohsiung Branch, Fei Ling-ling, Chief Prosecutor of Hualien Branch, Hung Pei-Ken, Head Prosecutor Xu Jing-Sen, and the Section Chief of the Criminal Investigation Bureau, Chuang Ming-Hsiung.”
The Binance team presented “the latest digital-asset trends and investigative techniques, followed by discussions of techniques and best practices of preventing and combating virtual asset-related crimes.”
Binance, with the support and coordination from the Taiwan High Prosecutors Office, has already “delivered training sessions for the Taipei, Shilin, Miaoli, Taichung, and Tainan district prosecutor’s offices, with plans to hold further workshops at prosecutor’s offices across Taiwan.”
Taiwan High Prosecutors Office, said:
“In recent years, virtual asset-related crimes have become a prominent concern in society. To safeguard citizens’ assets, Taiwan High Prosecutors Office is continuously enhancing its capabilities in investigating virtual assets-related crimes through the collaboration of prosecutors, police, and investigators. We are happy to cooperate with Binance, as it allows us to exchange practical knowledge with industry experts and improve our investigative skills. Additionally, it enhances communication and collaboration between the public and private sectors, maximizes investigative efficiency, and achieves the goal of suppressing criminal organizations.”
Damien Ho, Binance’s Global Partnerships Team, commented:
“At Binance, we firmly believe that close collaboration between industry players and law enforcement agencies is essential for preventing and addressing cybercrime, including combating fraud. We are delighted to interact with prosecutors from all over Taiwan with the support of the Taiwan High Prosecutors Office and jointly safeguard user assets. In addition to participating in public consultation, Binance’s commitment to protecting users is also instrumental in helping Taiwan build a safer virtual asset ecosystem.”
Binance will continue to reinforce its cooperation “with law enforcement agencies, investigators, and regulatory authorities to establish a safer Web3 ecosystem built on trust. To achieve this goal, Binance has made significant investments in building its compliance teams, processes, and technologies.”