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Binance becomes a founding member of the Beacon Network, jointly building a real-time encryption crime response network.
PANews reported on August 20 that Binance has joined the Beacon Network developed by blockchain analytics company TRM Labs, becoming the first founding member of a real-time encryption crime response network. This network aims to share intelligence in real-time by connecting exchanges, stablecoin issuers, and law enforcement agencies to prevent illicit funds from leaving the blockchain. The Beacon Network leverages the transparency and speed of blockchain to provide users with enhanced security. Binance stated that this move will further strengthen trust and security in the encryption industry, supporting the long-term rise and global adoption of digital assets.