The Royal Canadian Mounted Police (RCMP) is looking for a digital asset resolution to facilitate the seizure and storage of cryptocurrency and nonfungible tokens (NFTs). In accordance to an announcement, a young was opened for purposes on Aug. 10 for an answer to retailer seized digital property:
“The event of a centralized repository resolution would enable cops to seize these property in a person pleasant method, whereas additionally providing important safety to forestall the theft of mentioned property throughout their storage.”
The RCMP calls for 17 necessities from the longer term repository. Amongst them is the power to course of transactions for the highest 20 cryptocurrency blockchains by market capitalization and the scalability to help new blockchains sooner or later. The RCMP additionally intends to grant entry to its information to customers who want it. As for NFTs, the RCMP has deemed it crucial to allow the holding of Ethereum, Solana and Polygon-based NFTs.
Different options to be included within the repository are safety issues, such because the safety of personal keys, safe disposal course of and every day automated verification. A local cellular software may also be developed on Android.
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Just lately, Canadian regulation enforcement began utilizing specialised software program from Chainalysis to hint crypto whereas investigating cybercrimes. Native police now have the ability to trace blockchain transactions, determine suspects and decide the place funds have been deposited.
In the meantime, the number of Canadians holding Bitcoin (BTC) has fallen from 13.1% in 2021 to 10.1% in 2022.
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