{"id":407317,"date":"2023-06-14T15:59:24","date_gmt":"2023-06-14T15:59:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=407317"},"modified":"2023-06-14T15:59:24","modified_gmt":"2023-06-14T15:59:24","slug":"taiwan-mobile-eyes-crypto-partnerships-as-binance-aids-cybercrime-fight","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/taiwan-mobile-eyes-crypto-partnerships-as-binance-aids-cybercrime-fight","title":{"rendered":"Taiwan Mobile Eyes Crypto Partnerships as Binance Aids Cybercrime Fight"},"content":{"rendered":"

Taiwan Mobile Co., Taiwan’s second-largest telecom firm, is deliberating potential partnerships with local crypto platforms.<\/p>\n

The aim is to introduce crypto trading services for its extensive customer base, amid speculation of the firm possibly investing in one of these crypto ventures.<\/p>\n

Taiwan Mobile Ventures into Crypto Collaborations Amidst Increased Regulatory Focus and Rising Interest<\/h2>\n

Reports suggest that Taiwan Mobile is in preliminary discussions with several crypto firms, including Taipei-based XREX Inc., to explore potential partnerships in the digital asset sector.<\/p>\n

Taiwan Mobile has acknowledged these explorations but has not provided specifics. XREX co-founder, Wayne Huang, refrained from confirming the company’s involvement but expressed optimism about larger institutions entering the maturing Web3 sector.<\/p>\n

He noted that collaborations between telecom operators and blockchain companies could be mutually beneficial as regulatory clarity improves.<\/p>\n

\"Taiwan<\/p>\n

Taiwan Mobile, the nation’s second-largest telecom provider, explores potential alliances in the cryptocurrency sector, akin to the fintech pursuits of its Japanese counterparts, suggests Bloomberg Intelligence’s Marvin Lo.<\/p>\n

Under the new Ministry of Digital Affairs (MODA) established in August, Taiwan is earnestly examining blockchain and Web3 technologies. T<\/p>\n

The MODA’s primary focus is on information security related to these evolving sectors.<\/p>\n

Taiwan’s Financial Supervisory Commission (FSC), headed by Huang Tian-mu, recently announced its responsibility for regulating the local cryptocurrency market.<\/p>\n

This involves ensuring a clear distinction between crypto trading platforms’ assets and customer holdings, supervising product listings on exchanges, and implementing protective measures for customers.<\/p>\n

In addition, non-fungible tokens (NFTs) and other crypto-related assets fall under the MODA’s purview. The Taiwanese government aims to finalize a comprehensive regulatory framework for cryptocurrencies by September end, reinforcing its commitment to this burgeoning sector.<\/p>\n

Binance and Taiwanese Authorities Collaborate to Fight Cybercrime and Bolster Security<\/h2>\n

While Taiwanese companies expand their operations in the country, Binance, a leading cryptocurrency exchange, has initiated a partnership with law enforcement agencies in Taiwan to combat cybercrime.<\/p>\n

The collaboration aims to strengthen efforts in preventing illegal activities in the digital space.<\/p>\n

\"Binance\"<\/p>\n

As Taiwanese companies continue to broaden their local operations, global cryptocurrency leader Binance has allied with Taiwanese law enforcement to combat cybercrime, marking a step towards illegal activity prevention in the digital world.<\/p>\n

The announcement of this partnership was made on June 9th via Binance’s official Twitter and a blog post on their website<\/a>.<\/p>\n

The company’s CEO, Changpeng Zhao, further amplified the news, noting the importance of this collaboration.<\/p>\n

In line with Binance’s commitment to counter cyber threats and build worldwide law enforcement relationships, the company held a day-long training program in Taipei with Taiwan’s Criminal Investigation Bureau (CIB).<\/p>\n

The program, led by Binance’s Law Enforcement Training and Investigation team, involved nearly two hundred participants, attending both physically and virtually.<\/p>\n

The workshop addressed various topics, from emerging trends in cryptocurrency crimes to investigation techniques and prospective case studies in partnership with law enforcement to combat cybercrime.<\/p>\n

Reflecting on the alliance, Damien Ho, Binance’s Head of Global Partnerships, recognized the burgeoning cryptocurrency interest in Taiwan.<\/p>\n

He stressed the necessity for robust security within the crypto ecosystem to provide a safe user environment.<\/p>\n

He further underscored Binance’s commitment to enhancing safety within this sphere through collaborations with relevant law enforcement entities, indicating the possibility of similar future alliances.<\/p>\n

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