United States Strikes Again

5개월 전

Screenshot_1683.png

The United States government is looking for tools that allow it to track movements of funds with cryptocurrencies focused on privacy or second-tier solutions, such as Bitcoin's Lightning network.

Through the Internal Revenue Service (IRS, for its initials), authorities of the North American country publicly issued a request for information on this type of tool. All part of the pilot of his cryptocurrency tracking program.

Screenshot_1685.png

source

This request, issued on June 30, states that this program is launched by the Criminal Investigations Division. The objective is to facilitate investigative operations that involve the use of privacy cryptocurrencies, side chains and transactions in second-layer protocols. They emphasize the Lightning Network, ensuring that it has a "significant number" of users and is in full growth.

The institution also aims at the implementation of Schnorr firms. Although in its presentation, the institution recognizes that this implementation brings "multiple benefits for users", it considers that, on the other hand, "it inhibits the effectiveness of certain traditional tracking grouping algorithms".

Screenshot_1556.png

private cryptocurrency tracking

The IRS statement sets out several objectives for the investigation. Of these, the ability to associate addresses of users "suspected or known to be involved in harmful activities" stands out. The IRS also seeks to create "an address library" that emerges from that investigation.

Then, on Wednesday, July 1, Elliptic announced for its part that it would track the transactions in Zcash. The IRS could then have found its first alliances in the quest to control the movements of funds in private cryptocurrencies. But its intention is to cover more, as stated in your request for information.

In short, they do not know how to get a slice of the subject, and they do the impossible to control them.

But honestly everyone is going to eat shit

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

Hi @apoloo1

Finally I've found some time to catch up and read few previously bookmarked posts.

I'm seriously wondering how many people out there still believe that decentralized blockchain is going to give us (regular people) more privacy. It seem that it will be the other way around.

But honestly everyone is going to eat shit

What do you mean by that?

Solid read. Upvoted already.
Yours, Piotr