April 19, 2024

IRS to pay $ 249,000 to a cryptocurrency tracking company

The US Internal Revenue Service (IRS) awarded a contract for $249 thousand to a little-known company Blockchain Analytics andTax Services LLC for providing blockchain analytics tools.

The contract is valid for 12 months. It will allow the IRS to access Blockchain Analytics tools for 120 of its employees. Earlier, the US Treasury paid the company $ 9.8 thousand for the provision of services as an expert witness.

Not long before this, the crime departmentThe IRS has announced that it is looking for tools that would allow it to track Monero transactions and activity on second-tier networks, including the Bitcoin-based Lightning Network.

The IRS has also expressed interest in purchasing blockchain analytics software developed by Coinbase.

</p></p>