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    <p>Police in Ukraine are being taught by EU security experts how to tackle the rising threat of crypto crime in the country.&nbsp;</p> 
    <p>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.</p> 
    <p>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.&nbsp;</p> 
    <p>“Currently, <strong>Ukraine lacks an appropriate regulatory framework</strong>, crypto exchanges are not regulated, and relevant regulations on the specifics of taxation of transactions with virtual assets have not been adopted,” (via BEB).&nbsp;</p> 
    <p>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, all discussed the availability of open-source information and online software that can help track and solve crypto-related crimes.</p> 
    <p>A senior advisor from the <a rel="noopener noreferrer nofollow" title="EU" href="https://thebittimes.com/tag/eu.html">EU</a>AM noted that “<a rel="noopener noreferrer nofollow" title="track" href="https://thebittimes.com/tag/track.html">track</a>ing and tracing assets of <a rel="noopener noreferrer nofollow" title="criminals" href="https://thebittimes.com/tag/criminals.html">criminals</a> using <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies is an extremely complex process and <strong>requires constant professional development</strong>.”</p> 
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        Canadian police now use Chainalysis to track and return stolen crypto 
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Canadian police now use Chainalysis to track and return stolen crypto” — Protos" src="https://protos.com/canadian-police-now-use-chainalysis-to-track-and-return-stolen-crypto/embed/#?secret=umr7AQFCHq#?secret=TPEfV4dZdu" data-secret="TPEfV4dZdu" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe> 
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    <p><em>Read more: Canadian <a rel="noopener noreferrer nofollow" title="police" href="https://thebittimes.com/tag/police.html">police</a> open applications for <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> and NFT storage solution</em></p> 
    <p>The head of Lviv’s BEB Territorial Department said, “The emergence of cryptocurrencies has become a challenge for law enforcement not only in Ukraine but also around the world. The main task of the BEB is to protect the economy and fight economic crime.”&nbsp;</p> 
    <p>He added, “Knowledge and constant exchange of experience with international partners, experts, and law enforcement officers from other countries are important for us.”</p> 
    <p>Earlier this year, Canadian police also introduced the use of crypto-tracking software Chainalysis. They also published a contract request that <strong>sought developers who could create a digital asset storage system that could be utilized by officers confiscating and tracking crypto</strong>.&nbsp;</p> 
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EU teaches Ukraine police to track criminals and their crypto

TheBitTimes

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