{"id":56389,"date":"2023-08-11T04:59:41","date_gmt":"2023-08-11T08:59:41","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=56389"},"modified":"2023-08-11T04:59:43","modified_gmt":"2023-08-11T08:59:43","slug":"canada-to-develop-repository-for-storing-seized-crypto-nft","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/canada-to-develop-repository-for-storing-seized-crypto-nft\/","title":{"rendered":"Canada to Develop Repository for Storing Seized Crypto, NFT"},"content":{"rendered":"\n

The Royal Canadian Mounted Police seeks to develop a centralized digital asset repository<\/a> solution allowing police officers to seize and store cryptocurrency and non-fungible tokens.<\/p>\n\n\n\n

\"Canada
Canada to Develop Repository for Storing Seized Crypto, NFT<\/figcaption><\/figure>\n\n\n\n

The Royal Canadian Mounted Police\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (RCMP) is searching for a digital asset solution to facilitate the seizure and custody of cryptocurrencies and nonfungible tokens (NFTs). The solicitation of bids began on August 10. According to the bid announcement:<\/p>\n\n\n\n

\n

\u201cThe development of a centralized repository solution would allow police officers to seize these assets in a user friendly manner, while also offering significant security to prevent the theft of said assets during their storage.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

The RCMP has demanded seventeen points from the prospective repository. Among them are the capacity to process transactions for the twenty largest cryptocurrency blockchains<\/a> by market capitalization and the scalability to support new blockchains in the future. <\/p>\n\n\n\n

Additionally, the RCMP intends to grant access to its data to consumers who require it. Regarding NFTs, the authorities deem permitting holding Ethereum, Solana, and Polygon-generated nonfungibles necessary.<\/p>\n\n\n\n

\"\"
Canada's digital asset repository. Source: used-isde.canada.ca<\/figcaption><\/figure>\n\n\n\n

Other features to be included in the repository take security concerns into account, such as the preservation of private keys, a secure disposal procedure, and daily automated verification. On Android, a native mobile application will be developed.<\/p>\n\n\n\n

Recently, Canadian law enforcement has begun using Chainalysis's specialized software to track cryptographic evidence while investigating cybercrimes<\/a>. Local law enforcement can now track blockchain transactions, identify suspects, and locate where funds have been deposited.<\/p>\n\n\n\n

The percentage of Canadians holding Bitcoin decreased from 13.1% in 2021 to 10.0% in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Royal Canadian Mounted Police seeks to develop a centralized digital asset repository solution allowing police officers to seize and store cryptocurrency and non-fungible tokens. The Royal Canadian Mounted Police (RCMP) is searching for a digital asset solution to facilitate the seizure and custody of cryptocurrencies and nonfungible tokens (NFTs). The solicitation of bids began […]<\/p>\n","protected":false},"author":12,"featured_media":56393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5495,5511,709,15681],"class_list":["post-56389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-2","tag-digital-assets-3","tag-canada","tag-repository"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/08\/image-31.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/56389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=56389"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/56389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/56393"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=56389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=56389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=56389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}