Coin On Partners with Global Law Enforcement for Joint Anti-Fraud Campaign

03/03/2023 12:00 • NFT Newsflash • 125 views

It is reported that Coin On announced to launch a joint anti-fraud campaign in cooperation with global law enforcement agencies. The campaign began in Hong Kong. Coin On cooperated with local police to establish targeted warning and crime prevention information. In the first four weeks after the pilot launch, about 20.4% of users reconsidered the withdrawal or review the transaction for fraud risk. Qian An said that he hoped to cooperate with law enforcement agencies in other regions to continue to promote the anti-fraud plan. The Joint Anti-Fraud Campaign complements the current worldwide anti-crime and crime prevention initiatives, including general business law enforcement assistance and the global law enforcement training plan announced last year.

Coin Security cooperates with global law enforcement agencies to launch a joint anti-fraud campaign

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Coin On, a blockchain-based digital asset management platform, has recently initiated a joint anti-fraud campaign in cooperation with global law enforcement agencies. The pilot launch of the campaign took place in Hong Kong, with local police working closely with Coin On to establish targeted warning and crime prevention information. During the pilot phase, around 20.4% of users reconsidered their withdrawal or transaction in light of fraud risk.

The significance of this joint anti-fraud campaign lies in its effort to target the rising incidence of fraudulent activities in the blockchain and cryptocurrency space. With the growing number of ICO scams and Ponzi schemes, users are becoming increasingly wary of investing in digital assets. The partnership between Coin On and law enforcement agencies marks a positive move towards instilling greater confidence in the digital asset market. By providing targeted information and fraud warnings, Coin On aims to promote transparency in the market and dissuade fraudulent activity.

The success of the pilot launch in Hong Kong has encouraged Coin On to seek further cooperation with law enforcement agencies in other regions. As Qian An, the CEO of Coin On, noted, “we hope to continue to promote our anti-fraud plan in other regions with the cooperation of law enforcement agencies.” This highlights the global ambition of the joint anti-fraud campaign, as it seeks to uphold the integrity of the digital asset market across international borders.

The joint anti-fraud campaign complements other worldwide anti-crime and crime prevention initiatives, such as general business law enforcement assistance and global law enforcement training. As the digital asset market continues to evolve and expand, it is essential to maintain a robust security framework to combat fraudulent activities. The partnership between Coin On and law enforcement agencies is a clear example of how the private and public sectors can work together to achieve this aim.

In conclusion, Coin On’s joint anti-fraud campaign represents a positive step towards enhancing security and transparency in the digital asset market. Through its collaboration with law enforcement agencies, it seeks to promote a culture of responsible investment and prevent fraudulent activities. As the campaign expands to other regions, it will be crucial to maintain this partnership and continue to uphold the integrity of the digital asset market.

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Coin On Partners with Global Law Enforcement for Joint Anti-Fraud Campaign

Coin Security cooperates with global law enforcement agencies to launch a joint anti-fraud campaign

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