Komainu, an institutional-grade cryptocurrency custodian, has signed an agreement with Derbyshire Constabulary on behalf of the National Police Chiefs' Council Cybercrime Programme to provide policing with a cryptocurrency custody solution.
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With the partnership, UK policing will be able to store seized cryptocurrencies during the investigatory process, a press release says. Komainu's Co-Founder and CEO, Jean-Marie Mognetti, says the custodian will provide "a fulsome and secure cryptocurrency custody solution for UK policing."
"Combining these industry leading services will allow us to provide UK police forces with the highest level of support throughout the entire course of their investigations and resulting legal proceedings," Mognetti highlighted.
Last year, Chainalysis, a blockchain analysis company, also rolled out a new program in a partnership with Asset Reality focused on helping government agencies to handle, store, realize, and monitor seized digital assets. The company said that law enforcement are in need for a custodian where seized digital currencies could be stored until they are legally forfeited.
Chainalysis Chief Revenue Officer, Jason Bonds, believes that crypto adoption will either be used by good and bad actors.
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