Digital Assets adoption is resonating as countries are only left with option of keeping up with it. A crucial aspect is adapting to the dynamics of this transition. The Royal Thai Police in collaboration with Binance crypto exchange platform has raised concerns over it.

Their affiliation aims around enforcing the ability to trace and interpret Blockchain transactions. This idea originates the interest of safeguarding the interest of the people in Thailand, fostering help to them in times when they become victims of malicious attack in the Internet.

Binance and the Royal Thai Police, further sentence a collective commitment to work hand-in-hand to combat digital asset-related crimes in Thailand. "It is only time for authorities to jump into the field", a report holds it that scams related to digital asset has resulted in a total of $2.73billion. there's an hidden agenda with such criminal gangs utilizing the stolen funds for money laundering and illicit transactions.

Jarek Jacubcek, the Head of Low Enforcement Training at Binance has acknowledged that presence of this actors is inevitable. But for remedial purposes, Authorities and platforms will need to devise means to prevent loss of digital assets and bring parties involved to justice.

This development is in line with Binance exchange to boost its association with law enforcement agencies across the globe, after launching a training programme for authorities helping them detect fraudulent activities and assist in the persecution of bad actors.

Jarek also noted that, the Transparency that blockchain technology impart is an effective feature and that is what they are precisely capitalizing on, they can easily access all the pertinent information such as the date, amount and time of transaction, among others. Similar methods may be deployed to trace fraudulent transactions.

Cyber or online crime are not new to the market, they're currently evolving as the industry grows. Their style of work stays unchanged. Malicious actors find people and their information on social media platforms. Seek to engage with them and lure them into bogus investment possibilities. The stolen funds will never get back to them and are instead used for their selfish purposes.

Scam frequently achieve their goals by deploying the prevalent user-friendly AI tools, they could also deceive seasoned investors just by using this AI tools,they create unique looking websites and win their interest into it.

Finally, the Royal Thai Police of Thailand made a commitment joining hands with Binance could make it more convenient and faster for authorities to track and interpret fraudulent transactions . They said, the goal is to help investors recover their stolen funds and prosecute the malicious actors involving in digital asset-related crimes