The Spanish police force has announced that it will invest in tech platforms that will help officers catch drug traffickers who make use of cryptoassets.
According to El Español, officers who patrol the Strait of Gibraltar – the waters that wash Morocco, Spain, and Gibraltar – have spent almost USD 115,000 on two blockchain analysis solutions. They think these tools will allow them to trace cryptoassets they say are being used to fund drug deals.
The police claim that criminals are using crypto in an attempt to anonymize transactions or make them harder to trace.
Police expenditure records show that officers consider that the solutions will help detectives who are “analyzing electronic evidence related to criminal acts.”
The Ministry of the Interior, meanwhile, says that it believes that it is “necessary” to “continuously update” the police’s technological systems – a hint perhaps that the police might look to spend more on crypto monitoring tools in the future.
Last month, a major...
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