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Chainalysis: Most public agencies see insufficient capacity to investigate digital asset-related crime

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Time:8/1/2022 2:50:20 AM

[Chainalysis: Most public institutions believe that the ability to investigate digital asset-related crimes is insufficient] Jinse Finance reported that Chainalysis, a blockchain data analysis service provider, stated in its Chainalysis 2022 State of Cryptocurrency Investigation Survey report that those involved in the investigation of digital asset crimes Public institutions could face huge current and future problems if they do not keep pace with the digital asset industry. As the digital asset industry rapidly evolves, criminals may widen the knowledge gap between them, law enforcement, and regulators that are not improving their investigative capabilities. .If agencies are not well-versed in cryptocurrency investigations today, their knowledge gap could be exacerbated, causing them to fall further behind the criminals who routinely exploit cryptocurrencies.

The firm spoke of the results of a survey in which 74 percent of some 300 respondents from 183 public agencies in the U.S. and Canada felt their agencies were “not equipped to investigate crimes related to cryptocurrencies.

Additionally, the vast majority of respondents also said that while digital asset-related investigations were relevant to them, they felt their agencies were not doing enough to rectify the situation.

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