Crypto exchange, Binance, has given training in the form of online seminars for their personnel on cryptocurrencies and blockchain technologies to Ukrainian law enforcement authorities and regulatory bodies.

Employees of the Ukrainian Cyberpolice, which is the cybercrime combatting unit of the National Police of Ukraine (NPU), the Security Service of Ukraine (SBU), and the Asset Recovery and Management Agency (ARMA) attended the classes.

According to  Kiril Khomyakov, Binance General Manager for Ukraine and Central Europe, Ukraine, which is fighting a bitter war with Russia, responds to various challenges on a daily basis.

“Among them are financial crimes that threaten the stability and security of the country’s financial ecosystem. Our goal is to unite efforts to prevent cybercrime and, in particular, the financing of terrorism,” he further noted.

Ukraine’s law enforcement agencies are involved in operations against crypto-related crime. In November, the Cyberpolice force hit a fraud scheme making €200 million a year by luring investors through call centers across Europe. The unit has in the past voiced support for the legalization of cryptocurrencies in the country and in March, last year, started accepting crypto donations.

The Eastern European nation is a leader in crypto adoption and has been taking steps to regulate the market in cooperation with its participants. Since, November, ARMA is exchanging information with major crypto trading platforms about the ownership of wallets as part of criminal proceedings.

Over the past year, the investigation team at Binance has organized over 30 workshops on financial fraud and cybercrime. Representatives of law enforcement agencies from many countries have attended this. Earlier this year, the Australian police had a crypto training workshop.

The exchange has been engaged in educational projects in the region, too. In February, it agreed to support Georgia in developing its crypto sector through education and crypto-focused events. In December, Binance launched a blockchain education program in Kazakhstan and offered to support Azerbaijan’s regulatory efforts.