EU teaches Ukraine police to track criminals and their crypto
Police in Ukraine are being taught by EU security experts how to tackle the rising threat of crypto crime in the country. The training offered by the European Union Advisory Mission (EUAM) provides intelligence officers from Lviv the tools and know-how to track the flow of crypto assets, identify participants of transactions, and improve their investigative methods. As part of the training announcement, the Ukrainian Bureau of Economic Security (BEB) also detailed how the country has lost UAH 3 billion ($81 million) in taxes over the past 10 years through unregulated crypto exchanges. “Currently, Ukraine lacks an appropriate regulatory framework , crypto exchanges are not regulated, and relevant regulations on the specifics of taxation of transactions with virtual assets have not been adopted,” (via BEB). Members of the Security Service of Ukraine, the National Police, and the Prosecutor’s Office, amongst other official departments and international experts at the seminar,...