IRS & DEA Agencies in US Govt. wants to buy Blockchain Analysis Software from Coinbase .

IRS & DEA Agencies in US Govt. wants to buy Blockchain Analysis Software from Coinbase .

By Kavi | Kavya | 6 Jun 2020


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As per public records , Drug Enforcement Administration (DEA)  and Internal Revenue Service (IRS) seems involve buying the Coinbase analytical software which is more efficient and well featured to track those records on blockchain transaction publicly. These agencies are worked under US government and shown interest to deal with coinbase after Neutrino Acquisition which is intelligence firm of coinbase . 

The basic purpose of dealing this software to track the transactions which is externally shown on public blockchain transaction .it has nothing to deal with coinbase internal fund and related details. 

The licence would be sold to these firm but with limited source of acquisition where over 10,000 USD is capped should not be exceeded over 250,000 USD . 

These Authority feels to adopt such software where nothing is hidden on public ledger and it will easy and convenient for them to solve the cases related cyber theft or other criminal activities .

 

Resources:

https://blog.coinbase.com/welcoming-neutrino-to-coinbase-b3f56171850d

https://www.coinbase.com/  

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Kavi
Kavi

Chief mentor of 'skill2up.in' and blogging is my passion.


Kavya
Kavya

Hello everyone i am kavya and i love to travel and writing essay, reports and blog.

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