Isabel Shi, the CEO of Bitrace, recently led a key session at the Virtual Assets Investigation Bootcamp in Hong Kong, focusing on strengthening law enforcement's ability to tackle cryptocurrency crimes. The bootcamp aimed to address the rising trend of illicit activities involving digital assets in Hong Kong, including fraud, money laundering, and online gambling.
During her address, Shi emphasized the need for better collaboration between Web3 companies and regulatory bodies to effectively combat these crimes. The session involved the use of BitracePro, a platform for tracking crypto funds, which demonstrated how blockchain technology can trace the movement of illicit funds. The training also provided law enforcement officers with insights into the complex and multi-layered nature of cybercrime investigations.
Shi highlighted the importance of improving legislative frameworks to ensure a safer and more regulated environment for cryptocurrency use in Hong Kong, which is emerging as a major hub in the crypto world.
