A public agency survey conducted by blockchain analytics firm Chainalysis highlights the need for better tools, training and support for cryptocurrency-related investigations.
The blockchain data platform delved into the topic in its 2022 State of Cryptocurrency Investigations Survey, with 74% of respondents indicating their agencies were under-equipped to investigate cryptocurrency-related crime.
Chainalysis polled some 300 respondents across 183 public sector agencies in the United States and Canada to unpack the challenges and successes working in the sector.
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An overwhelming number of respondents indicated that cryptocurrencies were relevant to their investigations and that their respective agencies would do well to invest more resources.
Despite cryptocurrency being central in some investigations, most respondents agreed that the space could positively advance the financial system and disagreed with the suggestion that cryptocurrencies were used