Privacy coins have come under the eye of the US government in a move that had been widely anticipated by crypto enthusiasts. Coins like Zcash and Monero were mentioned by name in a pre-solicitation document written by the US Department of Homeland Security (DHS) with regard to setting a 2019 goal for the better forensic analysis of illegal fiscal transactions.

“This proposal calls for solutions that enable law enforcement investigations to perform forensic analysis on blockchain transactions. This analysis can be approached in any number of ways and may consider different data situation use cases depending on whether additional data from off-chain sources are available,” the DHS wrote.

“Newer currencies” like Zcash have presented a problem for authorities around the world, as attempts at analyzing their blockchains have hit significant roadblocks…

This article appeared first on Cryptovest

Like this: Like Loading...