US government looking into ways of deanonymizing Monero and Zcash

US government looking into ways of deanonymizing Monero and Zcash

In a pre-solicitation document published by the Department of Homeland Security, it appears as if the US government is looking at developing ways of deanonymizing anonymous cryptocurrencies like Zcash and Monero, according to The Block.

Published by the DoHS’s Small Business Innovation Research Program (SBIR), the document encourages small businesses to provide research and technologies to develop products in order to detect crypto-related crimes.

The document describes a three-stage process for the development of the technologies. The first phase describes the design of the tools “that enables forensic analysis for homeland security and law enforcement applications for cryptocurrencies, such as Zcash and Monero.”

The second phase is the development of a prototype to analyze suspicious transactions. The third phase describes the integration of these technologies into government or commercial use, which should help combat crypto-related crimes.

As the Hard Fork explains, it’s a pre-solicitation document, which means that any SBIR registered businesses can ask questions regarding the proposal. It hasn’t yet begun requesting proposals. The solicitation period ends on December 18 so proposals can be expected in early 2019.

#Monero #ZCash

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