On Friday, November 22, the Organization for Security and Co-operation in Europe (OSCE) announced the completion of a three-day training program for Ukrainian officials aimed at enhancing their ability to investigate crimes involving cryptocurrency.
According to a press release by the organization, the training covered essential topics, including the fundamentals of blockchain technology, the classification of crypto-assets, and investigative techniques for analyzing blockchain transactions. It was conducted virtually and involved 12 representatives from Ukraine’s National Securities and Stock Market Commission.
The training sessions featured interactive exercises using Bitcoin (BTC) and Ethereum (ETH), which enabled the participants to practice tracing transaction patterns and identifying suspicious activities on the blockchain in real-time, according to the OSCE.
The training is part of a larger OSCE project supported by Germany, Italy, Poland, Romania, the United Kingdom, and the United States. The project aims to strengthen the capacity of participating states to address risks tied to virtual assets, particularly in combating financial crimes and money laundering.
Notably, crypto adoption is accelerating in Eastern Europe, with Ukraine at the forefront. A Chainalysis report revealed a 362% rise in large institutional DeFi transactions (over $10 million) in Ukraine, signifying the nation’s growing role in decentralized finance.
Maksym Mishalov Dragunov, an assistant project officer at the OSCE, highlighted the growing prevalence of criminal activity on blockchain networks. He emphasized that though cryptocurrency has a “unique advantage” by enabling seamless, borderless, and instantaneous transfers, it can also be exploited for illicit purposes.
This focus on crypto education reflects a global trend. In the United States, the government of the City of Santa Monica in California launched a “Bitcoin Office.” The office is expected to help educate businesses and the city’s residents on Bitcoin’s economic potential while fostering partnerships to drive economic recovery and job creation.
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