Ukraine is taking notable strides to cope with the rising financial crimes in the crypto industry. For that, the government has selected and trained a few significant financial experts and equipped them with tools and training to tackle financial crimes.
According to recent news, 14 of the Ukrainian officials have gone through the advanced training program in Austria. The training program lasted from the 14th of November to the 17th of November 2023 which focused on training the financial experts to cope with the rising financial crimes. Ukraine took part in the training program to escalate its efforts to control the new-age financial crimes in the crypto industry.
Ukraine to Enhance Investigation Capabilities Amid Crypto Crackdown
The Organization for Security and Co-operation in Europe (OSCE) organized a training program to cope with rising financial crimes in the crypto industry. The core objective of the training is to impart the latest and advanced tools and strategies to investigate crimes involving cryptocurrencies.
OSCE is a group of 57 countries from North America, Asia and Europe united to address the security challenges in the crypto industry at a global level. OSCE has conducted training sessions to discuss the challenges and skilled the professionals about the precautionary measures by which they can navigate digital assets in the financial world. And Ukraine is actively taking part in the training to cope with such matters.
Ukraine’s Strategic Step to Escalate Crypto Crackdown
Ukraine has previously been cracking down on the crypto market due to the risks and challenges. Amid such a crackdown, Ukraine sent some of its government officials to the training program to get sufficient skills to navigate the crypto market.
Ukraine lost $80M in taxes from exchanges not following rules but got $225M in crypto donations for defence against Russia. Tether froze 32 wallets linked to ‘terrorism’ in Ukraine and Israel, showing the focus on fighting financial crime in crypto.
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