Interpol has created a unit to combat cryptocrime

The Interpol team, based in Singapore, will assist different countries’ law enforcement agencies. Assistance will be provided in investigations related to cryptocurrencies. Crypto-Upvotes expert review

Interpol has created a specialized unit to combat crimes related to cryptocurrency and other virtual assets, reports Business-Standard. The creation of the unit was announced by Secretary General of the International Police Jürgen Stock. This was said at a press conference before the start of Interpol’s 90th jubilee General Assembly. It takes place in Delhi from 18 to 21 October.

The main problem faced by law enforcement agencies of different countries in their investigations, the head of Interpol called the lack of a legal framework with regard to assets such as Bitcoin and Ethereum. The new team, formed in Singapore, will help fight crimes in this area in different countries. Currently, the international police force has more than 190 member states.

Interpol has helped investigate cryptocurrency crimes many times before. Not long ago, the international police issued their “red notice” against Terraform Labs co-founder Do Kwon. He is facing charges in connection with the $60 billion collapse of cryptocurrencies he created.