Follow Us

Header Ad

Latest Posts

Categories

UK police chose service to store confiscated cryptocurrency


Derbyshire County Police (UK) has signed a contract with the custodian service Komainu. The company will provide services for the authorities to store confiscated digital assets, according to a press release.

Komainu will work with all UK law enforcement agencies. Assistant Police Commissioner Angela McLaren noted that special forces routinely seize cryptocurrency as part of investigations and need to securely store digital currencies.

Cybercrime program manager Phil Ariss told The Block that previous methods did not guarantee the safety of confiscated assets.

“We need a special solution for storing them because we are talking about large amounts,” said Ariss.

In 2018, Japanese investment bank Nomura, hardware wallet developer Ledger, and investment firm CoinShares launched Komainu, an institutional investor-focused custodian service.

Recall, in November 2020, the analytical company Chainalysis announced the launch of a program that will help government agencies store and sell confiscated cryptocurrency.

Subscribe to ForkLog news on Telegram: ForkLog Feed – the entire news feed, ForkLog – the most important news and polls.

Found a mistake in the text? Select it and press CTRL + ENTER

Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

    Leave Your Comment

    Your email address will not be published.*

    Forgot Password