BlockBeats news, on August 21, Binance announced its membership as a founding member of the Beacon Network, joining the world's first real-time cryptocurrency crime response network. This network, developed by TRM Labs, collaborates with leading companies in the cryptocurrency industry and law enforcement agencies to prevent illegal funds from leaving the blockchain through real-time intelligence sharing and collaboration. As the largest cryptocurrency exchange platform in the world, Binance's involvement will strengthen the security of the cryptocurrency ecosystem and promote the long-term growth and adoption of digital assets.
Noah Perlman, Binance's Global Chief Compliance Officer, stated: "It has been proven that blockchain is one of the most powerful tools in combating financial crime. The Beacon Network further fosters collaboration between the public and private sectors, ensuring that we continue to reduce crime rates on the blockchain."
