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IRS Is Seeking Contractors To Help Investigate Privacy Coin Transactions
Summary: The Internal Revenue Service's Criminal Investigation Division is seeking companies to help look into potentially criminal transactions carried out using privacy coins like Dash or Zcash, according to documents posted to the department's website on Thursday, July 30. The listing states that acquiring applications to trace privacy coin transactions would aid investigations and would prevent ...
The Internal Revenue Service's Criminal Investigation Division is seeking companies to help look into potentially criminal transactions carried out using privacy coins like Dash or Zcash, according to documents posted to the department's website on Thursday, July 30.
The listing states that acquiring applications to trace privacy coin transactions would aid investigations and would prevent the use of privacy coins to carry out illicit activities.
It goes on to say that there is limited technology to trace transactions involving privacy coins, Layer 2 network protocol transactions or side-chain ledger transactions.
The IRS is looking for a system to start associating blockchain addresses with individuals suspected of criminal activity and catalog those associations in a library.
By Emily Mason
Tags: DASH,IRS,Privacy Coins
Link: IRS Is Seeking Contractors To Help Investigate Privacy Coin Transactions [Copy]
