Crypto Updates

US Tax Authority Provides Blockchain and Crypto Tracing Training to Ukrainian Law Enforcement

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

The U.S. Internal Revenue Service (IRS) is providing Ukrainian law enforcement agencies with tools and training to help them analyze the blockchain and track crypto assets held by sanctioned Russian oligarchs.

The IRS Criminal Investigation Agency (IRS-CI) conducted a virtual training for 50 Ukrainian law enforcement officers in April and plans to hold an in-person training in Germany for 20 officers this week and next week, according to a new press release.

The agency also donated licenses for the blockchain forensics software Chainalysis Reactor.

IRS-CI chief Jim Lee says the training can help safeguard both the US financial system and the global economy.

“Global financial crimes often consist of complex webs of offshore holdings and anonymous transactions. These trainings help participants can hone their digital investigative skills to trace the source of blockchain funds and unmask cryptocurrency transactions with cryptocurrency forensic tools.”

The IRS-CI trainings involve officials from the Cyber Police Department of the National Police of Ukraine, the Economic Security Bureau of Ukraine, the Department of Cyber and Information Security of the Security Service of Ukraine, and the Prosecutor General’s Office of Ukraine.

Eduard Fedorov, the acting director of the Economic Security Bureau of Ukraine, says it’s important for Ukrainian law enforcement to identify all Russian assets in their country.

“We resist the aggressor state not only on the battlefield, but also on the economic front.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Click Here to Read the Full Original Article at The Daily Hodl…