The crypto industry is full of perpetrators trying to pocket easy money. Komainu, a digital asset custody service provider seems to be aiding the efforts of the UK government in catching these criminals.
In a recent press release, the digital asset custodian revealed that it was joining hands with the Derbyshire Constabulary to store digital assets that were confisticated during investigatory process. Derbyshire Constabulary was reportedly reportedly representing the National Police Chiefs’ Council Cybercrime Programme. Elaborating on the same, Angela McLaren, the Assistant Commissioner who is spearheading the NPCC economic and cybercrime portfolio said,
“On behalf of The National Cybercrime Programme, Derbyshire Constabulary procurement team led a commercial tender to identify a storage solution which law enforcement would be able to use via a framework agreement. [….] The framework agreement also reduces the duplication and costs associated with different forces all running separate tender processes to find their own solution. “
Post this process, Komainu garnered a thumbs up which led to the platform making their storage solution available to police formed across England, Northern Ireland, Scotland, as well as Wales. Apart from this, the British Transport police along with an array of different law enforcement agencies would be employing the technology Komainu has to offer.
Furthermore, the entire contract was aided by CoinShares a prominent digital asset manager. Just two days ago, CoinShares made news after it revealed its leap towards the launch of a Bitcoin exchange-traded product [ETP]. Additionally, a law enforcement consultancy service of the UK, Gentium was also a part of the contract.
The CEO and co-founder of Komainu, Jean-Marie Mognetti also spoke about the firm’s latest move and said,
“We’re excited to support the NPCC in their investigative efforts against criminals looking to take advantage from the perceived anonymity of digital assets for illicit purposes.”
The growth in the value of the crypto industry has been luring in criminals. However, law enforcement isn’t far behind.