Interpol Starts Virtual Currency in Singapore
In the latest uptick for bitcoin, Interpol gets in the game by creating their own virtual currency as a sandbox to test the technology:
THE new Singapore-based Interpol Global Complex for Innovation (IGCI) has created its own cryptocurrency in a bid to better combat crimes involving virtual currencies such as the bitcoin.
The complex, which became fully operational earlier this week, houses the international police’s first digital crime centre and cybercrime research and development capabilities.
Speaking to The Straits Times on the sidelines of the biennial security trade event Interpol World, held this week at the Sands Expo and Convention Centre, IGCI director of cyber innovation and outreach Madan Mohan Oberoi said his team has already made progress in several projects.
One of these is the agency’s own virtual currency, which can be used in a specially designed simulation-based training game to create scenarios of cryptocurrency use and misuse.