The UK has opened a contract worth £100,000 ($130,000) to procure software to identify when cryptocurrency is used to avoid paying taxes. In particular, HMRC is seeking the ability to cluster cryptocurrency transactions, identifying those linked to service providers such as mixing, gambling, and dark market services. The contract, posted on January 17, notes the tool must track and trace Bitcoin, Bitcoin Cash, Ripple, Tether, Litecoin, Ethereum, and Ethereum Classic — the latter two it unfortunately misspelled as “Ethereium.” Preferential treatment is pledged to those seeking to develop additional functionality to analyze more private cryptocurrencies such as Monero, Zcash, and Dash. “Crypto…
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Monday, 20 January 2020
