Canada to develop repository for storing crypto and NFT seizures

The Royal Canadian Mounted Police (RCMP) is seeking a digital asset solution to facilitate the seizure and storage of cryptocurrency and nonfungible tokens (NFTs). The RCMP demands 17 requirements from the future repository. Among them is the ability to process transactions for the top 20 cryptocurrency blockchains by market capitalization and the scalability to support new blockchains in the future. The RCMP also intends to grant access to its data to users who need it. A native mobile application will also be developed on Android. Recently, Canadian law enforcement started using specialized software from Chainalysis to trace crypto while investigating cybercrimes.

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