FBI Eyes Software to Monitor Illicit Cryptography Schemes by CoinQuora

FBI Eyes software to monitor illicit cryptography schemes

  • The FBI issued a request for proposal.
  • The application is for software that can be used for the detection of illicit use of cryptography.
  • The FBI recently launched a Crypto Crime Unit.

The Federal Bureau of Investigation (FBI) recently issued a Request for Proposals (RFP). In this request, the organization requested the provision of state-of-the-art software to track the illegal use of cryptocurrencies. The Criminal Investigations Division (CID) says it is researching new software due to changes in the use of virtual currency by illicit actors.

Additionally, the FBI said it is looking for modern tracking and analysis tools that are proficient enough to keep up with fast-paced and ever-changing technologies used by illegal entities to avoid detection by law enforcement.

In particular, the tender requires the private contractor to provide software for tracking, graphing, aggregation and attribution of virtual currency transactions. Additionally, the tender calls for software capable of supporting the tracing of virtual currencies which include…

Continue reading on CoinQuora

Warning: Merged media would like to remind you that the data contained in this site is not necessarily real time or exact. All prices for CFDs (stocks, indices, futures) and Forex are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price, which which means that the prices are indicative and not suitable for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur due to the use of this data.

Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.

Comments are closed.