Binance now advises the Mexican police
Key facts:
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30 Mexico City agents would be ready to respond to cryptocurrency investigations.
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The world’s largest bitcoin exchange is still under scrutiny by regulators in 6 countries.
Since Changpeng Zhao (CZ) resigned from Binance last year after pleading guilty to violating anti-money laundering restrictions, the cryptocurrency exchange has been working to present itself as a platform more aligned with regulation. As part of this effort, it now offers the possibility for its specialists to provide workshops on digital asset research for Latin America and other parts of the world.
Recently, 30 agents from the General Directorate of Cyber Investigation and Technological Operations of Mexico City were trained by Binance specialists to respond to the investigation of crimes with bitcoin (BTC) and other cryptocurrencies.
Jesús Hernández Olvera, director of the Mexico City cyber police unit, highlighted that this guidance provided by Binance allows us to understand how, the platform, collaborates with the authorities to support various investigations, as well as the way in which agents can request information to follow up on the cases they work on.
The training addressed the mechanisms that Binance implements in judicial investigations in Mexicoas well as methods of interpretation and analysis on special requests that require immediate response.
The Binance team assures that it works in Collaboration with law enforcement to track and locate suspicious accounts who operate with cryptocurrencies. To date they have responded to 58,000 information requests from the authorities and have collaborated in the freezing and confiscation of more than 1 billion dollars in the stablecoin USDT to discourage alleged malicious activities in the digital asset space.
Likewise, it is highlighted that specialized Binance personnel have provided training on investigations with cryptocurrencies for police officers from countries like El Salvador, Colombia, Brazil, Argentina, Paraguay and other parts of the world.
On the other hand, it is worth remembering that, in the midst of these efforts, CZ, the former CEO of Binance, was sentenced to 4 months in prison in the United States. Additionally, it highlights the fact that 6 countries have their sights set on Binance, some accusing the company of violating regulations related to money laundering and against the financing of terrorism, as is the case of Canada.
