Interpol is Planning a Dedicated Crypto Crimes Unit in Singapore
The International Criminal Police Organization, or Interpol, is gearing up to strengthen its crypto crime-fighting skills. According to reports, Interpol has set up a special unit in Singapore to aid governments with crimes involving virtual assets. The announcement was made ahead of Interpol’s 90th General Assembly in New Delhi, India. The event will be held from October 18th, till October 21st. Moreover, high-ranking police officials from 195 member states of Interpol will be in attendance. Jürgen Stock, the secretary general (SG) of Interpol, claimed that the absence of a regulatory framework for crypto assets like Bitcoin (BTC) and Ethereum (ETH) presents significant difficulties for law enforcement organizations. Stock further added that agencies are often not equipped to deal with crimes related to crypto. Stock stated, “Huge developments in technology, internet of everything and digitalization – because of cryptocurrency – pose a...