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HMRC To Add Crypto-Analysis for Criminal Activity
Summary: In order to identify criminals trading in Bitcoin for tax evasion and money-laundering, HM Revenue and Customs, a tax agency, will be investing in crypto-analysis. Although, human analysis on raw blockchain data can shed some light on these types of transactions, crypto analytics will allow investigators to close intelligence gaps on criminal activity, according to ...
In order to identify criminals trading in Bitcoin for tax evasion and money-laundering, HM Revenue and Customs, a tax agency, will be investing in crypto-analysis. Although, human analysis on raw blockchain data can shed some light on these types of transactions, crypto analytics will allow investigators to close intelligence gaps on criminal activity, according to Public Technology.
HM Revenue and Customs will be able to track transactions and value fluctuations on Bitcoin and Bitcoin Cash, Ethereum and Ethereum Classic, Litecoin, Ripple, and Tether; it will soon be able to track Dash, Monero, and Zcash.
By Claudia Rivera
Tags: Bitcoin,Bitcoin Cash,DASH,Ethereum,Ethereum Classic,HM Revenue and Customs,Litecoin,Monero,Ripple,Tether,Zcash
Link: HMRC To Add Crypto-Analysis for Criminal Activity [Copy]
