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US Army Requests Information on Tools to Track Cryptocurrency Transactions

US Army Requests Information on Tools to Track Cryptocurrency Transactions

The U.S. Department of Defense and the U.S. Army have requested info on web-based cryptocurrency monitoring instruments. The instruments should allow U.S. authorities companies worldwide to conduct in-depth investigations into the supply of crypto transactions and supply multi-currency evaluation from bitcoin to different high cryptocurrencies.

US Government Wants to Track Crypto Transactions

The U.S. Department of Defense and the U.S. Army have posted a request for info (RFI) entitled “cryptocurrency investigative web-based software.” The request was revealed on the U.S. authorities’s web site on July 10.

“All info submitted in response to this announcement is voluntary,” the discover states, including that “The U.S. Army Contracting Command-New Jersey (CC-NJ) positioned at Fort Dix, NJ is surveying the marketplace for potential contractors able to offering one license for one person of a cloud, net primarily based software able to helping regulation enforcement to establish and cease actors who’re utilizing cryptocurrencies for illicit exercise equivalent to fraud, extortion, and cash laundering.”

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The request’s accompanying Statement of Work (SOW) describes that the contractor should present “entry to a dependable cryptocurrency investigation service, additionally known as a Software-as-a-Service (SaaS) answer required to be used in legal investigations and the opposite missions performed by the US Army Criminal Investigation Command (USACIDC).” The USACIDC is the premier Military Criminal Investigative Organization inside the Department of Defense, chargeable for conducting worldwide legal investigations wherever there’s a U.S. Army curiosity. The discover elaborates:

Application should allows customers to conduct in-depth investigation into the supply of cryptocurrency transactions and supplies multi-currency evaluation from bitcoin to different high cryptocurrencies.

The USACIDC’s Major Cybercrime Unit in Quantico, VA, will administer the service however customers could be positioned anyplace within the U.S. and abroad. Intended customers embody these within the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), the Securities and Exchange Commission (SEC), the Transportation Security Administration (TSA), the US Immigration and Customs Enforcement (ICE), and the Internal Revenue Service (IRS).

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The service have to be a examined product, with out {hardware} or software program to put in. It should meet the SOW necessities, together with offering “real-time bitcoin and different cryptocurrency transaction tracing” and “be capable of spot transaction patterns and interactions with different entities.” The contract might be for one yr with the choice to increase 4 extra years. Responses to the data request have to be made by July 20.

The Department of Defense’s request got here after the U.S. Department of Homeland Security and the Secret Service awarded a contract for blockchain analytics software program to Coinbase, as information.Bitcoin.com reported.

What do you consider the U.S. Army on the lookout for crypto monitoring instruments? Let us know within the feedback part under.

The put up US Army Requests Information on Tools to Track Cryptocurrency Transactions appeared first on Bitcoin News.

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