Swedish Police to Seek EU Funds for Cryptocurrency Research
National police forces in Europe are seeking new cash for research on how to tackle cybercrimes involving digital currency.
National police forces in Europe are seeking new cash for research on how to tackle cybercrimes involving cryptocurrencies.
According to an evaluation report released late last month, the Swedish Police Authority and its counterparts in Austria and Germany are preparing to bid for funding from a program called Horizon 2020, a European Union research initiative.
Specifically, the funds would be sourced from Secure Societies, a sub-section of that program focused on cybercrime initiatives. Through Horizon 2020, which was launched in 2014, the EU has made a total of €80 billion ($94.6 billion) available to cover a wide range of research areas.
Setting out the law enforcement agencies' plans, the report states:
The basic allocation for Sweden under this fund currently is €21 million, according to the ISF.
Swedish police car image via Roland Magnusson/Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.