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The IRS Will Pay $625,000 to Crack Monero and Bitcoin’s Lightning Network

bitcoinschannel.com

The Internal Revenue Service (IRS) wants in on activities happening on Monero and Bitcoin’s Lightning Network. In an announcement dated September 4, the Internal Revenue Service, Criminal Investigation (IRS-CI), the largest Federal law enforcement agency in the United States Department of the Treasury, has put out a bounty contract for a working prototype that can break into the Monero and Bitcoin’s Lightning network.

Also, the IRS quoted the lack of efficient tools that can break open into these cryptocurrency networks: Broadly the Federal agency wants to snoop in and keep a track of all transactional activities occurring on Monero and the Lightning Network. First is the ability to track transactions without external vendor support: Secondly, the IRS intends to track all privacy cryptocurrency network activities of specific parties (read bad actors) based on a single instance of Monero/Lightning Network usage: Lastly, the working solution must enable the IRS to improve upon the technology to make it usable within it’s ‘internal systems’: The Federal agency has been working diligently to ramp up its cryptocurrency and blockchain analyzing abilities.

Read in Full: bitcoinschannel.com
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