US Homeland Security Looks into Investigating Blockchain and Cryptocurrencies

US Homeland Security Looks into Investigating Blockchain and Cryptocurrencies

According to a notice circulated on 30 November, the US Department of Homeland Security (DHS) is searching for information that could help in breaking down and analyzing blockchains and privacy-centric coins

Blockchain forensic analytics for homeland security enterprise can help the DHS law enforcement and security operations across all components… Private financial institutions can likewise benefit from such capabilities in enforcing ‘know your customer’ and anti-money laundering compliance.

US Department of Homeland Security

Parties who will respond to the pre-solicitation notice are to give remarks on the technology and build solutions that will assist in the forensic analysis of cryptocurrencies. The solutions should equip the investigators for the task of scrutinizing blockchain transactions.

The period for the pre-solicitation will run until 18 December. The final solicitation is expected the following day, 19 November.

Analytics for Privacy Coins

Tracing blockchain transactions that are illicit in nature is what compelled the DHS to seek solutions. The department is looking for programs that can dissect privacy-heavy coins such as Monero and Zcash. Being able to upgrade the program to keep up with the technology’s evolution is one of the features the department is seeking.

Last November, the US Defense Advanced Research Projects Agency (DARPA) held a workshop centered on blockchain.

Bitcoin

BTC
Price
8,744 USD -6.81%
Volume, 24h
3,497,717,274 USD
0.00%
Marketcap
153,922,072,217 USD
56%
Emission
84%

Related news

Last Week Today Bitcoin and Cryptocurrency Weekly Digest: August 10-17th

Last Week Today – Bitcoin and Cryptocurrency Weekly Digest August 10-17 Bakkt receives all regulatory approvals, set for September launch China's central bank set to launch state-backed cryptocurrency IRS sends a second letter of warning to cryptocurrency traders Litecoin network suffers dusting attack from Russian mining pool Bakkt at long last. How will it affect […]
Bitcoin Exchange Guide

Wondering Why Bitcoin Hasn’t Returned To $13,000 Mark Yet? Here Are The Main Reasons

Despite numerous analysts and crypto worshippers predicting that Bitcoin will surpass the $13,000 mark, the king coin has continued to trade around the $10,000 mark and here are some reasons why. Ponzi Scheme Theory According to Primitive Crypto founding partner Dovey Wan, the Ponzi scheme is responsible for crashing the crypto industry. On JUly 14 […]
Bitcoin Exchange Guide

Demand For Bitcoin In Hong Kong Set To Soar As Protest Leader Calls For Bank Run

Bitcoin is hoping to become a hot property in Hong Kong. The region’s political crisis has swept over its banking sector, which is now seeing protestors withdrawing large bundles of cash out of their banking institutions. The move is the latest tactic to reduce People’s Bank of China’s influence on the Hong Kong economy. Protestors […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.