Rosfinmonitoring has selected a contractor to create a platform for tracking cryptocurrency transactions in the Russian Federation. It was the ER SI O organization, indirectly owned by Sber, and the contract amount was $ 14.7 million.
According to the information,
submitted on the website of the Unified Information System in the field of procurement, this initiative aims to closely monitor illegal transactions with cryptocurrencies. The platform will help track the movement of digital assets, identify cryptocurrency users and assess their impact on economic activity.
Rosfinmonitoring believes that this platform will ensure compliance with legal requirements and the safety of budget funds, increase the transparency of the cryptocurrency industry and reduce the risks of using crypto assets in financing terrorism and other illegal activities.
Moscow Digital School employee Efim Kazantsev said that unlike other tools for analyzing cryptocurrency transactions, the new platform will be aimed at disclosing the identity of users suspected of committing illegal activities. However, given the existence of closed blockchains, the disclosure of user data to third parties will depend on the terms of use of these networks. Therefore, regulatory and law enforcement agencies will be able to access information from closed systems only during investigative actions, Kazantsev said.
Development Director of the EXMO cryptocurrency exchange Maria Stankevich added that when performing cryptocurrency transactions, there is information that is stored outside the blockchain, for example, from Internet providers. Using this data, you can calculate the IP address of the sender of the transaction, making it easier to identify. Nikita Zuborev, senior analyst at exchanger aggregator BestChange.ru, said that it is possible to de-anonymize transaction participants even in confidential blockchains such as Monero and Zcash. This can be done through the latest big data analytics tools that make hypotheses that can be tested using neural networks.
According to Rosfinmonitoring, the most popular cryptocurrencies among criminals are BTC, ETH and XMR. This year it became known that the department has developed a system called “Transparent blockchain” to identify illegal transactions with cryptocurrencies according to certain criteria and criteria. Why the development of another similar system was needed, the department does not specify.
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