Australia is among the leading countries that support the usage of Bitcoin and other cryptocurrencies for payment purposes. Many businesses and shop owners in the country accept them as payment methods, and the country has also become a massive hub for students interested in blockchain development.
This acceptance of cryptocurrencies and Bitcoin has also given the online criminals the liberty to use them as ways to carry out crimes. The growing rate of crypto hacks and frauds has become a topic of concern for the police departments, and they are finding solutions for this problem.
The “Crypto Justice League” Police Conference
The matter has been taken seriously across the world, and more than 200 officials and representatives from various police departments are meeting at the 2019 National Proceeds of Crime Conference. The conference is taking place from 13th November to 15th November.
These representatives are coming from Australian Federal Police (AFP), United States Department of Justice, New Zealand Police, Australian Securities and Investment Commission, Australian Criminal Intelligence Commission, Singapore Police Force, and Australian Transaction Reports and Analysis Centre. Officials from state and territory police will also be there during the conference.
Australian Federal Police mentioned the theme of the conference in a press release. The assistant commissioner of AFP talked about how the advances in technology have helped the criminals to hide their assets. The aim of this conference to discuss ways to seize and remove the profits of these crimes is essential for removing these criminal networks.
Bitcoin and Cryptocurrency crimes solutions
The main aim of this conference is to discuss how law enforcement will tackle this growing issue of Bitcoin and Cryptocurrency crimes. The other topics to be addressed during the conference will be dark web, money laundering, and how the law authorities can work together to investigate cases.