Kosovo is acting seriously to raise its capacity to fight crimes connected to cryptocurrencies. This cooperation takes the shape of a multiday workshop from September 24 to 26 whereby the Financial Intelligence Unit (FIU) of the nation is getting specific training in crypto crime tracing and regulation. Part of the Octopus Project, the project is part of the Cyberkop Action of the Council of Europe meant to assist nations in addressing the rising cybercrime issues.
To better grasp digital currencies and virtual asset service providers (VASPs), the training brings together law enforcement, financial authorities, prosecutors, and the Central Bank of Kosovo. The primary goal is to empower these agencies with the tools required to monitor and seize illegal bitcoin transactions, therefore enhancing their capacity to manage criminal cases involving digital resources.
Improving awareness of the present legal systems of digital currencies, including licencing and regulatory criteria, is a main emphasis of the program. Understanding these legal issues helps Kosovo to control the bitcoin business and guarantee adherence to global norms. Additionally included in the session are operational elements including hands-on instruction in virtual asset investigation and seizure.
This project emphasizes Kosovo’s attempts to match its policies with world standards as the nation keeps getting backing from the European Union and the United States. One of the pioneers in bitcoin control, the European Union recently unveiled the Markets in Crypto-Assets (MiCA) framework, a whole body of rules meant to control the crypto sector. The workshop of Kosovo seeks to equip local institutions with comparable rules, thereby enhancing their power to fight financial crimes connected to cryptocurrencies.
This session marks a significant turning point in Kosovo’s continuous attempts to better control digital currencies, therefore guaranteeing a safer and more open environment for crypto transactions within the nation.
