Interpol Creates Its Own Digital Currency to Fight Bitcoin Crimes

The Interpol Global Complex for Innovation (IGCI), the agency’s new international anti-cybercrime center in Singapore, has recently created its own digital currency in a bid to fight crimes being committed online.

A key component of this new cutting-edge research and development facility is the INTERPOL Digital Crime Centre. This new centre provides proactive research into new areas and latest training techniques, and coordinates operations in the field. The digital crime center, cybercrime research and development capabilities became operational earlier this month.

About 30 employees, including officers from the Singapore Police Force, have been working to develop in-house forensic tools within the IGCI. One of them is the agency’s own digital currency, which can be used in a specially designed simulation-based training game to create scenarios of digital currency use and misuse.

“It’s a virtual world that we have created, and personnel can come and operate these things and learn by operating them. We felt that these things, if you try to teach people from a policing background through PowerPoint presentations, it doesn’t make too much sense. Let them play around and learn more,” IGCI director of cyber innovation and outreach Madan Mohan Oberoi stated during the security trade event Interpol World.

Moreover, Interpol is looking at the policy and law enforcement implications of the digital currencies. Dr. Oberoi’s team identified vulnerabilities in digital currencies that can be used for posting malware, and he oversaw the development of a tracer that could help law enforcement officers track down those behind such acts. Seizing digital currencies, preserving them and presenting them to court are some of the issues that his team is exploring.

Next week, Interpol will issue a document that will define its future activities in cybercrime research. The document is the product of a workshop held earlier this year with various

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