Bitrace has enhanced the capabilities of the Hong Kong Police Force by providing specialized training in on-chain fund tracking. This project aims to equip the Cyber Security and Technology Crime Bureau (CSTCB) and the Commercial Crime Bureau (CCB) with state-of-the-art tools and expertise in fighting cryptocurrency-related crimes.
Strengthening Law Enforcement
Conducted by Bitrace CEO Isabel, the training session gave a broad perspective on how cryptocurrencies are misused in cybercrime. The intrinsic permissionless and Decentralized nature of cryptocurrencies are peculiar challenges to regulatory bodies and Web3 companies. Isabel pointed it out how understanding these challenges could help in enhancing the efficiency in cryptocurrency crimes investigations and solutions.
The importance of collaboration between the regulatory agencies and the Web3 companies was noted to be a critical move in the direction of making Web3 a safer world and protecting the funds of the users.
Bitrace co
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