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Blockchain

US Government Sets Sights On Zcash And Monero

Joseph Matteo Efrati
04 December, 2018
1 min read
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The U.S. Department of Homeland Security has issued a pre-solicitation notice, with the objective of designing a product to support the implementation of blockchain-based forensic and data analysis for "newer cryptocurrencies, such as Zcash and Monero."

DHS. iStock.

DHS. iStock.

This is part of a bigger attempt by the administration to increase the presence of law enforcement in the cryptosphere. The focus of Homeland Security is on the growing "capability for anonymity and privacy protection," which the department views as a possible platform for illegal activities, citing "a compelling interest in tracing and understanding transactions and actions on the blockchain of an illegal nature."

The pre-solicitation goes on to define the wanted solution as one that "should either attempt to show generality or extensibility, or at least provide working approaches to treating newer blockchain implementations."

A pre-solicitation notice provides a "heads up" that a formal solicitation will be published at a later stage. However, it seems Homeland Security has taken a strong interest in blockchain and is working to keep up with developments, in order to make sure that law enforcement does not lag far behind technology.

Blockchain DHS Homeland Security Anonymity Law Enforcement