Canada to develop repository for storing crypto and NFT seizures
1 min read
The Royal Canadian Mounted Police (RCMP) is seeking a digital asset solution to facilitate the seizure and storage of cryptocurrency and
Recently, Canadian law enforcement started using specialized software from Chainalysis to trace crypto while investigating cybercrimes. Local police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.
Meanwhile, the number of Canadians holding Bitcoin (BTC) has fallen from 13.1% in 2021 to 10.1% in 2022.
Magazine: Deposit risk. What do crypto exchanges really do with your money?
