Major cryptocurrency companies, payment services, and law enforcement agencies have come together in a new initiative called the Beacon Network. The system allows for the rapid identification of cryptocurrency wallets linked to crimes, tracking the movement of coins, and blocking them on exchanges and services before they can be cashed out or laundered.

The project already involves Coinbase, Binance, Kraken, Robinhood, PayPal, Ripple, and others, as well as independent researchers and law enforcement agencies from different countries.$ERA $WCT $BMT