The EU Commission recognised back in October 2015 (regarding virtual currencies) that “Law Enforcement Agencies (LEAs) are often lagging behind when tackling criminal activities supported by “advanced” technologies.”
They suggested to provide grant funding (up to EUR5m) to build up the “investigation capabilities” of the LEAs with clear short-term goals in mind. (Information on grants available here.)
The demand for crypto investigative tools is equally relevant for the bitcoin industry itself due to recent push by the EU commission to regulate (before the end of 2016) all crypto exchanges throughout EU under new AML directive.
And if that wasn’t enough, only this week Chainanalysis inked an MoU with Europol and raised USD1.6m in a seed funding.