Binance has signed a MoU with the Financial Monitoring Agency of the Republic of Kazakhstan as a part of its global law enforcement training program.
The program, which involves officials from regulatory and law enforcement organizations worldwide, aims to strengthen industry cooperation with national and international law enforcement in the fight against financial crime and cybercrime. The program further aims to identify and block digital assets obtained illegally and used to launder criminal proceeds and finance terrorism.
Kazakhstan has emerged as one of the leading crypto nations for Bitcoin mining and in recent times, the Central Asian nation has also been developing favourable crypto regulations such as allowing crypto exchanges to open bank accounts, and even looking to legalize crypto use more broadly. Binance obtained an in-principle approval to operate in Kazakhstan earlier in August this year.
The Binance law enforcement training program has been conducted in Israel, Canada, Brazil, Brazil, France, Germany, Italy, the United Kingdom and Norway. The program was officially launched on Sept. 26, but the company’s investigations team has been holding workshops for law enforcement for the past year.
