News

Interpol creates cryptocurrency to train police forces

Monday 24 August 2015 00:52 CET | News

Interpol has created its own version of digital currency and they have been using it to train police forces belonging to their member nations for solving digital currency related crimes.

The crime fighting organization is said to have used their internally developed cryptocurrency and a simulated/mock dark web marketplace as part of the training exercise. This was the first time Interpol used its cryptocurrency developed by the organization’s Global Complex for Innovation (GIC) for training purpose.

Interpol’s Global Complex for Innovation has developed their own version of cryptocurrency for modelling various cybercrime related scenarios and conduct mock drills/investigations on such crimes. The first cryptocurrency based training session saw the involvement of 24 personnel from police forces across the world.

Understanding digital currency by creating their own version of it and finding different ways of tracking and tackling the challenges posed by the new upcoming technologies may prove very useful for law enforcement agencies.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, Interpol, virtual currency crime
Categories: DeFi & Crypto & Web3
Companies:
Countries: World
This article is part of category

DeFi & Crypto & Web3






Industry Events