• Canadian law enforcement has started using specialized software to trace cryptocurrency while investigating cybercrimes.
• Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.
• The Bank of Canada reported a decline in the ownership of Bitcoin and cryptocurrencies in the country by the end of 2022.
Police Using Chainalysis Reactor to Trace Crypto Crimes
Canadian law enforcement is now utilizing Chainalysis Reactor software to trace cryptocurrency while investigating cybercrimes. This program helps police forces trace blockchain transactions, identify suspects, and determine where funds have been deposited. This partnership between Chainalysis and the Calgary Police Service began in April 2023, allowing them access to a powerful tool that can help investigate fraud involving digital assets.
Decline in Cryptocurrency Ownership in Canada
According to Chainalysis’s Global Crypto Adoption Index for 2022, Canada ranked 22nd with $1,144 Canadian dollars in total exposure per 1,000 Canadians being exposed to illicit crypto activity. However, by the end of 2022, Bank of Canada reported a decline in the ownership of Bitcoin and other cryptocurrencies with only 10.1% of Canadians holding Bitcoin (BTC), down from 13.1% in 2021.
Western Canada Cryptocurrency Investigations Centre
In April 2023 when Chainalysis partnered up with Calgary Police Service they also launched the Western Canada Cryptocurrency Investigations Centre which focuses on crimes involving blockchain technology. With this new tool available for law enforcement it has taken their work on crypto crimes to a whole new level as it allows them to run more detailed investigations than before once they determined there was fraud involved with digital assets.
Experts Want To Give AI Human ‘Souls’ So They Don’t Kill Us All
With so much advancement being made not just technologically but also ethically experts are debating whether Artificial Intelligence should be given human like ‘souls’ or personalities so that they don’t become out of control and end up killing us all as some dystopian nightmare we see too often depicted on screen might suggest could happen one day if we aren’t careful enough how we use AI technology today and make sure it doesn’t get away from us tomorrow into something bigger than ourselves that might take over our lives or even destroy us all together if gone unchecked long enough by giving it something close enough resembling what makes us human: souls or personalities inserted into these robots so that they act responsibly instead of going rogue as many fear could be possible one day if AI gets too advanced without proper checks-and-balances put into place ahead of time before it gets out hand potentially leading us down an even darker path than we already are on at this very moment without such protocols firmly established beforehand
Conclusion
In conclusion Canadian law enforcement is teaming up with companies like Chainalysis in order to create better tools for tracing crypto crimes while still keeping an eye on declining cryptocurrency ownership throughout the country as well as exploring ethical implications related to Artificial Intelligence such as debating whether robots should be given ‘human souls’ or personalities so that they don’t become out-of-control machines taking over our lives one day if gone unchecked long enough leading us towards potential disaster best avoided altogether through proper protocols put into place ahead its too late potentially saving humanity from its own demise at least for now anyways until further advancements are made within this rapidly advancing field which will undoubtedly bring about even more interesting questions regarding ethics morality & responsibility not just here domestically but around world globally