##Russia proposes a national tool to track your Bitcoin - Crypto-trading - TopGoldForum
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Financial regulators are mulling the launch of state-backed analytics software to police cryptocurrency transactions.
In brief
Russian regulators are building a tool to trace Bitcoin transactions.
The project will monitor the dark web to flag any transfers originating from Russia.
It's estimated to cost $10 million and will take three years to develop.
According to local publication RBC on Tuesday, the Russian financial monitoring service, Rosfinmonitoring, proposed an artificial intelligence (AI) tool to trace Bitcoin transactions in the country.
Regulators have teamed up with the Physics Institute at Moscow University to develop the “Transparent Blockchain” project that analyses Bitcoin transactions to map user behavior. It is based on a similar system deployed earlier this year to track drug trafficking in the country, the report stated.
Going under the scanner are Bitcoin, Dash, Omni, and Monero transactions. The regulators aim t
For more latest update on Cryptocurrency, Free Bitmex signals with 80-90% accuracy & bitMEX scalping trading BOT which does trades automatically in your account for more join above given Telegram group
Financial regulators are mulling the launch of state-backed analytics software to police cryptocurrency transactions.
In brief
Russian regulators are building a tool to trace Bitcoin transactions.
The project will monitor the dark web to flag any transfers originating from Russia.
It's estimated to cost $10 million and will take three years to develop.
According to local publication RBC on Tuesday, the Russian financial monitoring service, Rosfinmonitoring, proposed an artificial intelligence (AI) tool to trace Bitcoin transactions in the country.
Regulators have teamed up with the Physics Institute at Moscow University to develop the “Transparent Blockchain” project that analyses Bitcoin transactions to map user behavior. It is based on a similar system deployed earlier this year to track drug trafficking in the country, the report stated.
Going under the scanner are Bitcoin, Dash, Omni, and Monero transactions. The regulators aim t
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