Hong Kong Police Authority and University of Hong Kong present innovative tools 'Cryptotrace' to combat crypto crime

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Hongkongs Polizei entwickelt „CryptoTrace“-Tool zur Bekämpfung von Krypto-Kriminalität Die Polizei von Hongkong hat in Zusammenarbeit mit der Universität von Hongkong das innovative Tool „CryptoTrace“ entwickelt. Dieses Werkzeug dient der Unterstützung bei Ermittlungen im Bereich der Kryptowährungs-Kriminalität. Kryptowährungen haben in den letzten Jahren erheblich an Popularität gewonnen, was leider auch zu einem Anstieg krimineller Aktivitäten in …
Hong Kong's police develop "Cryptotrace" tool to combat crypto crime The Hong Kong police have developed the innovative tool "Cryptotrace" in cooperation with the University of Hong Kong. This tool serves to support investigations in the field of cryptocurrency crime. Cryptocurrencies have gained a lot of popularity in recent years, which unfortunately also for an increase in criminal activities in ... (Symbolbild/KNAT)

Hong Kong's police develops "Cryptotrace" tool to combat crypto crime

The Hong Kong police developed the innovative "Cryptotrace" tool in cooperation with the University of Hong Kong. This tool serves to support investigations in the field of cryptocurrency crime.

cryptocurrencies have gained a lot of popularity in recent years, which unfortunately also led to an increase in criminal activities in this sector. In order to approach these challenges, “Cryptotrace” was launched to enable investigators to provide a more precise and effective analysis of transactions in the blockchain.

The tool offers a variety of functions that enable the authorities to quickly identify and understand suspicious activities. The cooperation between the police and the university aims to give the experts the necessary tools and the knowledge of the hand in order to efficiently pursue and prevent crypto crimes.

By developing "cryptotrace", Hong Kong positions itself at the top of technological advances in the field of fighting crime. The initiative could serve as a model for other countries that are faced with similar challenges related to cryptocurrencies.

Overall, "Cryptotrace" represents an important measure to promote confidence in the cryptocurrency market and ensure that this area remains safe and regulated.