OFAC Requests Chainalysis Subscription For Bitcoin Blockchain Surveillance

2021-5-28 18:49

The U.S. Office of Foreign Assets Control wants a renewed subscription to Chainalysis blockchain surveillance tools for monitoring Bitcoin.

The Office of Foreign Assets Control (OFAC), a financial intelligence and enforcement agency within the U.S. Treasury Department, has requested a second subscription to license, training and support packages from blockchain analysis firm Chainalysis, according to a public contract notice.

“OFAC requires a commercial online blockchain tracing web-based application tool to equip investigators in its Office of Global Targeting (OGT) to analyze and track virtual currency transactions e.g. Bitcoin, in order to gather attribution information on involved parties that OGT may put on the [Specially Designated Nationals] List,” the notice reads. “This tool would specifically support cyber sanctions implementation undertaken by OFAC.”

OFAC made a similar request on May 4, 2021. The Specially Designated Nationals (SDN) List includes parties that are sanctioned from conducting financial transactions by the U.S. due to money laundering or terrorist financing concerns.

While Bitcoin can facilitate pseudonymous financial transactions, every transaction is recorded on a public and immutable digital ledger. This allows blockchain analysis firms such as Chainalysis to determine details about Bitcoin transactions, sometimes including the real-world identities behind them.

There are some privacy layers that Bitcoin users employ to better obscure these transactions, such as coin mixing and CoinJoin. But it appears this latest subscription request is specifically targeting coin mixing services like Wasabi Wallet.

“This license also includes Wasabi Demixing services at no additional cost to OFAC, and with no limits to the number of requests,” per the notice. “Chainalysis meets OFAC’s requirements by effectively providing the following capabilities: Address clustering; Transaction flow mapping and graphing; Wallet explorer; Analysis of user behavior, exchange rate, trade, and market data.”

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0100291 (+7.61%)
Объем 24H $25.057k
Изменеия 24h: 5.20 %, 7d: 30.40 %
Cегодня L: $0.0090557 - H: $0.0100291
Капитализация $732.823k Rank 1812
Цена в час новости $ 0.0910131 (-88.98%)

blockchain surveillance bitcoin subscription chainalysis renewed wants

Источник: bitcoinmagazine.com

blockchain surveillance → Результатов: 102


Wash Trading: More than 80% of TRON and ETC Trading Volume is Bogus – BTI Report

Based on new algorithms and specific research methodology, the Blockchain Transparency Institute (BTI) – a group of blockchain and cryptocurrency enthusiasts, researchers and devotees who aim to clean up the industry as much as possible – has published a Market Surveillance Report saying that 85% of Tron and Ethereum Classic traded volumes were falsified.

2019-4-16 18:40


Фото:

What Is Surveillance Capitalism and How Does Crypto Resolve it?

One of the most important narratives in the crypto space has been its stand against centralization. In today’s globalized economy, where different cultures and ethnicities rapidly consolidate around the same interests in technology, social media, and free services, there is an alarming sense that Internet use is becoming more centralized, which gives birth to technologyRead MoreRead More.

2019-3-20 18:00


Фото:

Coinbase backpedals, fires ex-Hacking Team staff to appease users

Cryptocurrency exchange Coinbase has said it will let go of Neutrino staff who previously worked at Hacking Team in a seeming bid to appease angry users. The company landed in hot water after it acquired Neutrino, an Italian blockchain analytics startup with ties to Hacking Team, a group known for their selling intrusion and surveillance capabilities to authoritarian regimes across the globe.

2019-3-5 12:46


Фото:

Coinbase Neutrino Acquisition Reveals History Of Spying and Gov’t Data Selling

Cryptocurrency exchange Coinbase is facing an increasing publicity nightmare after it emerged the CEO of a company it took over sold private user data to governments. Coinbase: Neutrino ‘Will Help Prevent Theft’ Announced February 19, Coinbase now owns Italian blockchain surveillance startup Neutrino, having acquired the company for an undisclosed sum.

2019-2-19 20:00


Инженер NASA предлагает хранить данные о полетах на блокчейн

Космическое агентство США NASA рассматривает возможность применения блокчейн-технологий для хранения данных о полетах. Предложение с данной инициативой было обнародовано одним из инженеров агентства.

2019-1-14 18:10


дальше еще 53 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Против связанного с хакерами группы REvil россиянина ввели международные санкции

США, Великобритания и Австралия ввели санкции против гражданина России Александра Ермакова, связанного с группой хакеров REvil. Власти Соединенных Штатов считают его причастным к взлому страховой компании Medibank и требованию выкупа в криптовалюте.

Паоло Ардоино: «Резервы Tether превышают 100%»

Генеральный директор Tether признал проблемы, сопутствующие достоверной верификации объема резервов компании, и заверил, что они гарантированно превышают 100%. А значит стейблкоину USDT ничего не угрожает.

Binance's Busy Day, Kraken's Second SEC Fight

Binance is paying one of the largest fines in corporate history to the U. S. Department of Justice, while its founder and CEO, Changpeng "CZ" Zhao, stepped down from his role running the platform as part of a settlement with multiple federal agencies.