The countermeasures against cryptcurrency-related crimes in Taiwan

1. The countermeasures
against cryptocurrency-
related crimes in Taiwan
Criminal Investigation Bureau
National Police Agency

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Outline
INTRODUCTION
CRYPTOCURRENCY RELATED CRIMES
CHALLENGES FOR LAW ENFORCEMENT
COUNTERMEASURES04
03
02
01

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CDBC
Crypto
Currency
Virtual
currency
E-Cash
Digital Currency
eCash was created and implemented
by DigiCash in 1990 and used as
micropayment system.
E-Cash
A type of unregulated, digital money,
which is issued and usually controlled
by its developers, and used and
accepted among the members of a
specific virtual community.
Virtual Currency
A sub-type of digital currency and a
digital asset that relies
on cryptography to chain
together digital signatures of asset
transfers, peer-to-peer networking
and decentralization.
CryptoCurrency
Central bank digital currency (CBDC) is
the digital form of fiat money (a
currency established as money by
government regulation, monetary
authority or law).
CBDC

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The rise of cryptocurrency

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Cryptocurrency-related Crimes
Theft
.
Money laundry
Illegal commodities
Extortion
Scams
.

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Causes of cryptocurrency crime
Anonymity
We could see the wallet address
and related transaction, but we
had no idea the wallet belong
to whom.
Untraceable
Ill-gotten money
could not be
traced when the
cryptocurrency is
mixed.
Unregulated
No one could
control, supervise
or regulate the
cryptocurrency.

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Challenges for LE
Tech barriers
• Experience
• Knowledge
• Tools
Regulation
• Decentralized
• Cross-Broad
• Without Specific law
Anonymity
• Application
• Transaction
• Mixer

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Countermeasures
1 2 3 4 5
TRAINING INFO SYSTEM REGULATION PARNTNERSHIP MLA

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Functions in the cryptocurrency Info system
Money flows
• Visualization
• Wallet address belong
• Identify the key wallet address
Data Request
• Send request
• Receive response
• Data analytics
Intelligence sharing
• Public Private Parntership
• Find hidden crime
• Crime Preventation
01
02
03
03
02
01

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Money flows in crypto
• Gap Narrow
• Data Visualization

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Data Request and Response
Tx ID
02
ID Number
03
Bank Account
04
Wallet Address
01

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Intelligence sharing
Wallet Address
01
ID Number
02
Privacy
Security

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Conclusion
ADMINISTRATION
BIG DATA
COOPERATION
DECRYPTION
A
B
C
D