US Tax Service is Willing to Pay for Cracking Monero
The IRS has put a price of $625k to be paid to a contractor who succeeds in cracking privacy layers of Monero cryptocurrency. The tax agency now wants to involve third parties (contractors) to develop a solution that would enable it to trace and track privacy-centric cryptocurrencies including Monero, and all ‘layer 2 (data link layer) network protocol transactions’ such as the Frame Relay, Token Ring, Lightning Network, Ethernet.
The contractor is requested to achieve the following goals; provide info and technical capabilities that will enable the agency to track and trace XMR transactions with less involvement of external vendors; develop a solution that will enable the agency to predict statistical possibilities for transactions with XMR, LN and other privacy cryptocurrencies; provide algorithms plus the source codes of the developed app/software/tool such that the agency can continue adding necessary features; modify the tool and even integrate it with internal code at a very cost without depending much on peripheral vendors. After hearing a series of such news related to the privacy of Monero, the cryptocurrency community is now praising the coin in question for pushing regulators this far.
 XMR |
$ 118.7
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