Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Digital Identity, Security & Online Fraud

Cryptocurrency experts meet at Europol to tighten relationships with authorities

Friday 14 June 2019 | 12:22 PM CET

Over 300 cryptocurrency experts from both law enforcement and the private sector have attended the sixth Cryptocurrency Conference hosted at Europol’s headquarters from 12 to 14 June 2019.

Experts shared best practices and law enforcement techniques using examples such as investigations into phishing, thefts of funds and DDoS extortion. The conference also included lessons learned from some recent investigations like the takedown of Wall Street Market and Bestmixer.

At the conference, Europol also announced the ongoing development of a cryptocurrency-tracing serious game, developed and co-created in close cooperation with CENTRIC (Centre of Excellence in Terrorism, Resilience, Intelligence and Organised Crime Research). The game, planned to be launched in October 2019 at the seventh Europol-INTERPOL Cybercrime Conference, will be the first law enforcement training opportunity on cryptocurrency and investigation using gamification.

It will allow law enforcement officers to get hands-on training and advice on tracing cryptocurrencies in criminal investigations.

Private sector experts specialising in the lawful use of cryptocurrencies also actively participated in the event to further enhance cooperation with law enforcement. Cryptocurrency wallets, exchanges and payment processors, including Binance, BitBay, Bitcoin.de, Bitfinex, BitFlyer Europe, Bitnovo, Bitonic, Bitpanda, BitPay, Bitstamp, CEX, Coinbase, Coinfloor, Coinhouse, Coinpayments, CoinsPaid, Ledger, Litebit, LocalBitcoins, OKCoin, Shapeshift, SpectroCoin, Tether and Xapo demonstrated their best practices in implementing Know Your Customer (KYC) policies and mechanisms, and risk-based approaches to suspicious transactions.

 advertisement
 advertisement
 advertisement
 advertisement