The United Kingdom is submitting a contract for the development of technology to combat cybercrime and money laundering via cryptocurrencies

The United Kingdom is submitting a contract for the development of technology to combat cybercrime and money laundering via cryptocurrencies

By Roberto D. | CryptoFarm | 23 Jan 2020


The HMRC (the UK tax agency) has submitted a public contract worth £ 100,000 asking companies to develop technology to combat cybercrime and money laundering by means of anonymous cryptocurrencies; the contract was published at the end of last week and requires the development of tools through which to collect and analyze the data available on the blockchain.

More specifically, HMRC wants to trace and analyze data relating to coins that have made privacy their main growth vector, particularly difficult for the authorities to monitor, focusing on those with greater capitalization such as Monero, Zcash and Dash.

In addition to fighting cybercrime, by attacking those that the authorities (but the cryptocurrency community disagrees) believe to be the main carrier for money laundering through cryptographic assets, the HMRC also intends to avoid and discourage tax evasion; in fact, many have recently pointed the finger at cryptocurrencies also with regard to their evasion, once again, however, the feeling is that the authorities, not only the British, use these themes to hide what is their real goal.

 

Activities such as money laundering and terrorist financing, as we have now had the opportunity to explain countless times, still move mainly today via the bank and, regardless of the tightening of penalties and the improvement of investigative tools available to the police , the volumes of money related to these crimes show no sign of diminishing.

Despite this, authorities around the world persist in pointing the finger at cryptocurrencies, although there are tons of reports showing that only a fraction of the recycling activity passes through the crypto, while the bulk of the volumes passes through the channels. banking; the reason is easy to guess, here at stake is the status quo of the authorities and the state monopoly on the control of money, so the global authorities are so opposed to decentralized currencies.

Obviously, no government will ever be able to publicly claim that its aversion to cryptocurrencies depends on the fact that these instruments undermine the meaning and usefulness of the institutions, so this aspect of the question is hidden behind concepts such as the fight against crime and money laundering; all this, of course, with the complacency and support of the mainstream media.

 Here then are outlined the features of an ideological clash that sees opposing institutions and ordinary people on a more political than economic level and that overcomes the classic distinction between left and right; in other words, the new battleground does not see those who have a right-wing ideological orientation opposed to those who are left-oriented, but opposes the proponents of centralized power under a state monopoly to those who believe in governance instead decentralized under direct control of citizens.

How do you rate this article?

0


Roberto D.
Roberto D.

Born, and still living, in Italy. Passionate about cryptocurrencies since I discovered ethereum in 2016 https://linktr.ee/robertod


CryptoFarm
CryptoFarm

All about crypto and airdrop

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.