Binance Strengthens Ties with Taiwan's Criminal Investigation Bureau to Combat Digital Crime

Binance Blog published a new article, highlighting the company's ongoing efforts to combat crime in the digital asset space. This initiative was underscored by a recent meeting between Binance CEO Richard Teng and Chiu Shao-Chou, Deputy Commissioner of Taiwan’s Criminal Investigation Bureau (CIB), in Taipei. The meeting aimed to exchange insights and strategies for tackling the increasingly complex and transnational nature of virtual asset crimes. During the meeting, the CIB presented Binance with a commemorative badge, acknowledging the company's significant contributions to investigating and preventing illicit activities involving virtual assets. This gesture of appreciation reflects the importance of collaboration between public and private sectors in enhancing enforcement capabilities through technology-driven partnerships and information sharing. Binance CEO Richard Teng expressed his gratitude for the recognition, emphasizing the company's commitment to working with law enforcement agencies to combat illicit activities. He stated that building a secure and trusted ecosystem requires collective effort and strong partnerships, and Binance is dedicated to leading by example in upholding the highest standards of trust and security across the industry. The meeting also highlighted a recent successful collaboration between Binance and Taiwanese authorities, where Binance assisted in recovering over NT$26 million in criminal funds linked to a syndicate. This case exemplifies the tangible impact of public-private partnerships in advancing effective crime prevention and recovery. Since 2022, Binance's collaboration with Taiwanese law enforcement has grown significantly, with the company receiving an increasing number of requests from local agencies. Binance has conducted over 20 training sessions in Taiwan, reaching more than 2,000 officers and stakeholders, further strengthening its commitment to supporting law enforcement efforts. Globally, Binance continues to play a pivotal role in supporting cybercrime investigations. The company has responded to over 240,000 law enforcement requests and delivered more than 400 training sessions worldwide. These efforts equip investigators and officers with the necessary blockchain tools and expertise to identify and disrupt criminal activity. As cyber threats continue to evolve, Binance remains steadfast in its commitment to working hand-in-hand with public and private partners to ensure a safer, more secure digital financial landscape. This global commitment to safety underscores Binance's dedication to fostering a secure environment for digital transactions and maintaining the integrity of the digital asset industry.