Canada to develop repository for storing crypto and NFT seizures
The Royal Canadian Mounted Police is seeking a digital asset solution to facilitate the seizure and storage of cryptocurrency and nonfungible tokens. The Royal Canadian Mounted Police (RCMP) is seeking a digital asset solution to facilitate the seizure and storage of crypto currency and nonfungible tokens (NFTs). According to an announcement, a tender was opened for applications on Aug. 10 for a solution to store seized digital assets: “The 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.” The RCMP demands 17 requirements from the future repository . Among them is the ability to process transactions for the top 20 crypto currency 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. As for NFTs,...