• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
Canadian Police Crack down On Crypto Crimes With Chainalysis Software

Canadian Police Crack Down On Crypto Crimes With Chainalysis Software

Samuel Edyme
by Samuel Edyme
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The rise of crypto has brought with it a new wave of cybercrimes, challenging the conventional methods employed by law enforcement agencies. With blockchain transactions inherently designed to provide anonymity, authorities have often found themselves at an impasse when tracing illicit crypto activities.

However, a recent development in Canada has shown a breakthrough in this standoff, illustrating a potential model for global law enforcement. Particularly, Canadian police have incorporated advanced technology into their investigative procedures, enabling them to delve deeper into the blockchain realm.

Through specialized software, they can now trace blockchain transactions to their source, identify perpetrators, and pinpoint the exact destination of funds.

Chainalysis Reactor: A New Tool In The Fight Against Cybercrime

Canadian police forces have started to employ Chainalysis Reactor, a software that offers capabilities well beyond traditional investigative tools. According to a report from the Lethbridge Herald newspaper, the software facilitates the tracking of digital currencies from their initiation point to their eventual deposit on a digital exchange.

Related Reading: Canada Exposes Crypto Sites Creating Fake Dispute Resolution Organizations

When the trail leads to a particular exchange, police can then obtain the account holder’s details and the subsequent transaction data. This, in essence, means that criminals can no longer find solace in the previously impenetrable blockchain.

Previously, Canadian agencies faced significant challenges with cases involving digital assets. An officer, trained specifically in blockchain analysis, highlighted the profound transformation that Chainalysis Reactor has brought about.

He recalled how, in earlier times, their investigations would frequently hit a dead end upon discovering fraud with digital currencies. But that has changed.

Canada’s Growing Relationship With Chainalysis

The collaboration between Chainalysis and the Calgary Police Service dates back to April 2023 when the Western Canada Cryptocurrency Investigations Centre was inaugurated. This center was established with a specific focus on delving into crimes associated with blockchain technology.

Canada’s evolving relationship with cryptocurrencies is also evident from its positioning in Chainalysis’ Global Crypto Adoption Index. The country has progressively climbed the ranks, being placed 22nd in 2022, an improvement from 26th in 2021 and 24th in 2020.

Due to this rise, the latest data from Chainalysis showed that for every 1,000 Canadians, there was an exposure of at least $1,144 CAD to illicit crypto activities.

Related Reading: Crypto Investors Targeted: Bad Guys Posing As Delivery Drivers Invade Homes In Canada

In June, the Canadian Securities Administrators (CSA), which consists of provincial and territorial securities regulators in Canada, issued a warning to investors regarding crypto companies that falsely claim to be authorized by non-existent regulatory or dispute-resolution organizations.

The introduction of specialized blockchain investigation tools like Chainalysis Reactor demonstrates a significant leap in the ongoing battle against crypto-related crimes. With Canada leading the way, other nations might soon adopt similar methods, creating a global, united front against cyber criminals.

The global cryptocurrency market cap value on TradingView amid Chainalysis software news
The global cryptocurrency market cap value on the 1-day chart. Source: Crypto TOTAL Market Cap on TradingView.com

Featured image from Unsplash, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Samuel Edyme

Samuel Edyme

Follow

Edyme is a writer, a content writer that specialises in writing about the crypto realm. Asides Bitcoinist and NewsBTC, Edyme's writing has been featured in top sites such as Blockchain.News, CoinMonk, Blockchain Reporter, Bitcoin Insider among others.

Full Profile

Related Posts

Best Altcoins to Buy as Cardano Charts Turn Bullish

Best Altcoins to Buy as Cardano Charts Turn Bullish

1 hour ago
Grok AI’s Top 4 Crypto Presales Poised for Breakout in 2025

Grok AI’s Top 4 Crypto Presales Poised for Breakout in 2025

57 minutes ago
WGC’s Digital Gold Move in the UK: $BEST Is the Key to a New Era

WGC’s Digital Gold Move in the UK: $BEST Is the Key to a New Era

1 hour ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 8)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 8)

42 minutes ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 8)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 8)

42 minutes ago
Saylor Bitcoin journey is an inspiration for Bitcoin Hyper buyers

How Michael Saylor Hoarded Bitcoin to a Fortune of Billions, Fueling Bitcoin Hyper’s $14M Presale

2 hours ago

Premium Sponsors

Press Releases

  • Bitget Ignites Catalunya MotoGP Weekend with Web3 Thrills...

    3 hours ago
  • miner

    XRP price battles for key support levels, with holders...

    2 days ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    2 days ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    2 days ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.