Anonymity is considered to be one of the major benefits offered by digital currency techs today. This may mean a lot for its users enabling them to move money around the world without revealing who they are. Nevertheless, in reality, bitcoin, the king of crypto currencies, is less secret than people actually think.
It turned out, that Internal Revenue Service (IRS), purchased specialist software to track those using bitcoin, and has been using it since 2015.
According to a contract unearthed by the Daily Beast, the IRS is paying a company called Chainalysis to help identify the owners of digital “wallets” and to unmask bitcoin users who have failed to report profits. FYI, the software is also used by Barclays’ financial crime and transaction monitoring teams to obtain information from the blockchain about their customer’s financial transactions.
https://www.coinspeaker.com/2017/08/23/irs-uses-special-software-find-bitcoin-tax-cheats-since-2015/
Topic: [2017-08-23]The IRS Uses Special Software to Find Bitcoin Tax Cheats Since 2015 (Read 1532 times)
August 23, 2017, 07:35:07 AM
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