In any case, this will test the stength Monero's anonymity and untraceability. It might also be a good time to speculate now. The Department of Homeland Security is giving everyone a favor by showing us how great is Monero as a privacy coin.
Monero tested and tried. Very anonymous. Tested and proven by the United States Government.
Thank you!
Perhaps it’s time that users of privacy-centric cryptocurrencies reconsider their choices. The U.S. Department of Homeland Security’s (DoHS) pre-solicitation document suggests that the government body is contemplating the development of forensic analysis techniques to track transactions done through private cryptocurrencies like Monero and ZCash.
The pre-solicitation document urges small technology firms to conduct R&D and develop products, processes, and techniques that can be utilized to identify and uncover crimes that involve the use of digital currencies. The document reads in part:
“The proposal calls for solutions that enable law enforcement investigations to perform forensic analysis on blockchain transactions.”
The SBIR has formulated a three-stage process for the creation of forensic analysis techniques.
Stage one entails designing a blockchain analysis mechanism that would “enable forensic analysis for homeland security and law enforcement applications for cryptocurrencies, such as Zcash and Monero."
The second stage of the process deals with testing. Tools developed in the first phase will be prototyped using test data. The results will then be shared with the interested authorities, along with a demonstration of how to use these newly developed forensic techniques.
Finally, the third stage will integrate these forensic techniques into government applications. Post successful integration, authorities will then be able to track private cryptocurrency transactions.
Read in full https://btcmanager.com/u-s-authorities-developing-techniques-track-cryptocurrencies-monero-zcash/