Interpol trains police officers with its own digital currency

The decentralized nature and anonymity feature of digital currency makes it the most preferred choice for people who wish to buy merchandise from the dark web markets and for criminals who seek ransom. However, the security agencies worldwide are gearing up to tackle crimes related to bitcoin and other cryptocurrencies.

According to a latest report by newsBTC, Interpol, the International Criminal Police Organisation, has created its own version of digital currency and they have been using it to train police forces belonging to their member nations for solving digital currency related crimes.

Recently Interpol held an interactive training seminar in their Singapore center. The organization is said to have used their internally developed cryptocurrency and a simulated/mock dark web marketplace as part of the training exercise. This was the first time Interpol used its cryptocurrency developed by the organization's Global Complex for Innovation (GIC) for training purpose, the report said.

Interpol's Global Complex for Innovation has developed their own version of cryptocurrency for modelling various cybercrime related scenarios and conduct mock drills/investigations on such crimes. The first cryptocurrency based training session saw the involvement of 24 personnel from police forces across the world.

Understanding digital currency by creating their own version of it and finding different ways of tracking and tackling the challenges posed by the new upcoming technologies will prove very useful for law enforcement agencies, the report added.