Ripple, Binance Launch Beacon Network to Combat Crypto Crime

To tackle crypto crimes globally, Ripple and Binance have partnered with TRM Labs to launch the Beacon Network. This cross-platform network aims to proactively prevent financial crime by flagging and freezing illicit funds in real-time. Major exchanges like Coinbase and Binance are involved, working alongside law enforcement agencies, making this a significant step towards enhancing security across the cryptocurrency ecosystem.