Police in Winnipeg, the capital of the Canadian province of Manitoba, will be better prepared to deal with the use of cryptocurrency in cybercrime, thanks to $100,000 Canadian Dollars (CAD) in funding provided by the provincial government.
Provincial Justice Minister Kevin Goertzen on Aug. 3 said the money from the Criminal Property Forfeiture Fund will be used to put five additional members of the police service through a Cryptocurrency Tracing Certified Examiner training program, as well as to purchase specialized software to trace cybercrime activities such as CipherTrace and Blockchain Forensics.
According to the Manitoba government, cybercrimes have increased by more than 370% between 2016 and 2020. Sgt. Trevor Thompson of the Winnipeg police financial crime unit said in a statement:
“As cryptocurrencies have risen in popularity and become more widely available, criminal actors have now migrated into this space and are primarily using cryptocurrencies as the medium to obtain...
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