In a notable stride towards fortifying India's digital asset landscape, Liminal Custody Solutions, a leading digital asset custody service provider, has successfully strengthened its collaboration with the Himachal Pradesh Special Investigation Team (SIT). This partnership showcases Liminal's commitment to enhancing security measures and accessibility within the country's digital asset ecosystem, particularly in the face of rising cyber threats and cryptocurrency-related fraud.
The journey began when the Himachal Police sought urgent assistance from Liminal Custody Solutions in late September to combat a multi-crore cryptocurrency fraud. In response, a Special Investigation Team, led by Mr. Abhishek Dullar, DIG (Northern Range Dharamshala), was promptly formed on September 26. Liminal Custody emerged as an official partner, demonstrating its dedication to collaborating with law enforcement agencies to safeguard digital assets effectively.
This collaborative effort involved a multi-faceted approach, with the entire Liminal team working diligently to facilitate asset transfers, onboard police officers, create segregated wallets, and navigate the complexities of managing illicit cryptocurrency assets held by wrongdoers. The seamless coordination highlighted the synergy between technology and law enforcement in addressing the challenges posed by digital crimes.
Mr. Abhishek Dular, DIG Northern Range, Dharamshala, Himachal Pradesh, commended Liminal Custody Solutions for its exceptional support during the high-pressure operation. He emphasized the company's unwavering commitment, stringent internal controls, and secure wallet solutions, all of which played a pivotal role in the operation's success. The collaboration underscored the increasing demand for secure and compliant wallet solutions, especially when dealing with seized digital assets during law enforcement actions.
Manan Vora, Senior Vice President of Strategy and Business Operations at Liminal, reiterated the company's dedication to constructing a safe and well-regulated digital asset ecosystem in India. He emphasized the intricate nature of the emerging domain and Liminal's responsibility to guide and assist law enforcement agencies while maintaining the highest security protocols. This successful collaboration represents just the beginning of Liminal's involvement in law enforcement operations, with future plans to expand its portfolio for further strengthening digital asset security and accessibility across India.
In a landscape marked by evolving digital threats, Liminal Custody Solutions continues to champion the highest standards of digital asset security, reinforcing its pivotal role in safeguarding the integrity of these assets. As the company looks forward to expanding its footprint in law enforcement collaborations, the commitment to a secure and well-regulated digital asset ecosystem in India remains at the forefront of Liminal's mission.
