On the 90th Interpol General Assembly hosted in Delhi, India, the Secretary General for this organization Jurgen Stock, announced the creation of a new team dedicated to crypto crime. The division will be based in Singapore and assist member nations in following and preventing illegal activities related to the new asset class.
Interpol created the new team in response to a lack of regulations to oversight the sector. The lack of regulation led to a spike in crypto criminal activity. In addition, Stock hinted at agents’ lack of preparation and experience in tackling these crimes.