IRS announced Monero privacy bypass reward

The IRS will pay $625,000 to a contractor who will help track transactions on the Monero cryptocurrency network, bypassing technologies that ensure their anonymity.

The IRS proposal extends to other privacy-focused cryptocurrencies.

The agency is ready to cooperate with one or more contractors. Applications are open until September 16.

The IRS is interested in specialized tools that will allow you to get the date and time of the transaction, the amount and other information about the wallet in the Monero network.

Recall that the analytical firm CipherTrace has developed a tool for tracking Monero transactions commissioned by the US Department of Homeland Security. Not everyone in the community believed in the existence of such a technology, but the Monero developers have already presented the Triptych algorithm for protecting anonymity.

In July, it became known that the IRS is looking for tools to analyze blockchains Monero (XMR), Zcash (ZEC), Dash (DASH), Grin (GRIN), Komodo (KMD), Verge (XVG), and Horizon (ZEN).

In the same month, the agency signed a contract with the Coinbase exchange to use blockchain tools to track transactions. The service cost was $124,950.

The Drug Enforcement Administration (DEA) has also shown interest in the capabilities of Coinbase Analytics.

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