US authorities will track bitcoin transactions

The authorities of the United States of America intend to tighten monitoring of financial transactions by including cryptocurrencies in the tracking. At the moment, the US Immigration and Customs Enforcement (ICE) has submitted a request to market participants for the possibility of modernizing automated systems for checking user actions in this direction.

In particular, the regulator encourages enterprises to provide solutions that will allow them to digitize existing operations and automate the workflow associated with finance. Corresponding applications are accepted until November 9. The US Immigration and Customs Service is confident that the innovations will provide a complete picture of transactions involving bitcoin.

We add, this month, analytics service Chainalysis won a competition with the US Internal Revenue Service to develop solutions for tracking transactions on the XMR network.