The team of officials was given special training on crypto transactions and other digital assets to create clarity on fraud prevention.
Financial crimes were the center of attention for Ukrainian officials when they recently attended a special course. The training program was on financial crimes related to crypto and digital assets. Held in Vienna, Austria, the Organization for Security and Co-operation in Europe (OSEC) organized the course on crypto transactions.
The Co-coordinator of the OSCE Economic and Environmental Activities was behind the program. The United Nations Office on Drugs and Crime also joined the OSCE for the event. Fourteen Ukrainian officials were part of the program that sharpened their skills in investigating such financial crimes. The officials got insights to prevent instances of fraud in the crypto industry.
Ralf Ernst of the OSCE noted the rising usage of crypto in Ukraine. He stated it was why supervisory and enforcement agencies had to be aware of the crypto space. He mentioned the program’s main objectives and said, “This is the second training on investigation of virtual assets for Ukrainian officials, and the OSCE will continue to support Ukraine’s efforts to combat money laundering, particularly through virtual assets and cryptocurrencies.”
The US, Germany, Poland, Romania, and the UK fund the training program. Officials of Georgia and Moldova would also receive the training along with those from Ukraine.
Meanwhile, the rise of crypto adoption in Ukraine does not come as a surprise. The government of Ukraine had been proactive in organizing a roadmap for crypto adoption back in late 2022. The development rose in the backdrop of Ukraine receiving millions in donations in the form of crypto after its war with Russia. Ukraine’s central bank is also responsible for multiple positive initiatives related to crypto.
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