Binance, the world's largest password trading center, has joined forces with the Hong Kong police to crack down on cyber crime, and Hong Kong plans to become a password center in Asia. The password trading center has been leading the industry in investigating and preventing crimes related to virtual assets.

Binance has increased its dominance of the password market in Hong Kong, which has previously set up a licensing system for virtual asset service providers and controls stable currencies and other virtual assets.

Binance learns and trains Hong Kong police to avoid important data encryption cases.

According to the official blog,Binance participation on February 3, it also supported the virtual assets research course content (VAIC) held by the Network Information Security and Network key case investigation Unit (CSTCB) of the Hong Kong Police Force. The purpose of the course is to strengthen law enforcement and severely crack down on the growing number of online frauds in the region.

The five-day learning and training programme aims to help the Hong Kong Government improve its knowledge and skills in cracking down on crimes related to digital currency. The Binance Elite team includes topics that include empirical research on research and analytical technologies related to digital currency and examples of how Binance helps law enforcement conduct criminal investigations.

Jarek Jakubcek, who is responsible for Binance law enforcement learning and training, said:

User security has always been the top priority of Binance, and we are fully committed to building secure block chain ecosystem software by improving international network information security.

In 2022, Binance announced its worldwide law enforcement learning and training program and held more than 70 workshops for many law enforcement organizations. Binance claims that it aims to crack down on digital finance and online fraud, especially in the field of passwords.

Data encryption Core area Scheme in Hong Kong

Binance has increased its dominance in the Hong Kong blockchain and digital currency industry after Hong Kong announced plans to become the region's cryptographic hub. In addition, BinanceCEO Zhao Changpeng praised the Hong Kong Monetary Authority on Thursday for regulating stable currencies and preventing optimized algorithms to stabilize currency trading.

Hong Kong Financial Secretary Henry Tang urged password trading centres and other password companies to register and increase their projects in Hong Kong.

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