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The Royal Canadian Mounted Police (RCMP) is searching for a digital asset answer to facilitate the seizure and storage of cryptocurrency and nonfungible tokens (NFTs). Based on an announcement, a young was opened for functions on Aug. 10 for an answer to retailer seized digital belongings:
“The event of a centralized repository answer would enable cops to grab these belongings in a consumer pleasant method, whereas additionally providing vital safety to stop the theft of stated belongings 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 assist new blockchains sooner or later. The RCMP additionally intends to grant entry to its knowledge to customers who want it. As for NFTs, the RCMP has deemed it essential 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 each day automated verification. A local cellular utility may even be developed on Android.
Associated: Canadians have ‘weak incentives’ to make use of a CBDC: Financial institution of Canada
Just lately, Canadian legislation enforcement began utilizing specialised software program from Chainalysis to hint crypto whereas investigating cybercrimes. Native police now have the power to hint blockchain transactions, determine suspects and decide the place funds have been deposited.
In the meantime, the variety of Canadians holding Bitcoin (BTC) has fallen from 13.1% in 2021 to 10.1% in 2022.
Journal: Deposit danger. What do crypto exchanges actually do along with your cash?
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