Binance joins the Beacon Network to help combat cryptocurrency crime

According to reports, Binance has recently announced that it has become a founding member of the Beacon Network, joining the world's first real-time cryptocurrency crime response network. This platform was developed by TRM Labs and collaborates with several industry-leading companies and law enforcement agencies, aiming to prevent illegal funds from leaving the blockchain system through real-time intelligence sharing and cooperation. As the world's largest cryptocurrency exchange, Binance's participation will enhance the security of the cryptocurrency ecosystem while promoting the long-term growth and inclusivity of crypto assets. Binance's Global Chief Compliance Officer Noah Perlman emphasized that blockchain has proven to be one of the effective tools in combating financial crime, and the Beacon Network further promotes cooperation between the public and private sectors to ensure we continue to reduce crime rates on the blockchain.