The FBI is set to begin tracking liquid cryptocurrency activity

The U.S. FBI has issued a request for software to track the illegal use of cryptocurrencies.
The FBI is set to begin tracking liquid cryptocurrency activity

The FBI said the agency intends to begin tracking and analyzing liquid cryptocurrencies. To do so, it has published a request for software to track illegal cryptocurrency transactions. This is a publication from project crypto​defix. The software should monitor cryptocurrencies representing 95% of market capitalization according to CoinMarketCap, with Bitcoin, Ethereum, Litecoin, Tether and ERC-20 tokens singled out in the document.

The FBI’s tools require the ability to obtain specific cryptographic information about transactions, as well as geo-referencing of TOR servers and attribution to related APIs. The bureau will be ready to award the contract to the vendor on March 25.

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