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Felicia Tan
in
Crypto
June 7 11:09

U.S. authorities are interested in Coinbase's software for tracking cryptotransactions

The Coinbase cryptocurrency exchange plans to sell its own software to the U.S. authorities for analysts. This is what The Block writes about.
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At the disposal of the publication got the documents published in April and May, according to which the Office for Drug Enforcement (DEA) and the U.S. Tax Administration (IRS) are interested in buying licenses to use Coinbase Analytics software.
The IRS document noted that Coinbase Analytics software was previously known as Neutrino.
Coinbase acquired the Italian startup Neutrino in 2019, but was massively criticized after it turned out that its founders were involved in the project Hacking Team, which sold spyware to dictatorial regimes.
Subsequently, Coinbase said that those associated with the Hacking Team would not work for the company.
Purchase orders for the software have not been issued at the moment, and Coinbase itself does not yet appear in the database of government contracts.
The amount of the contract is also unknown, although the DEA document states that it can be from $10,000 to $250,000.
A representative of Coinbase assured that organizations interested in purchasing Coinbase Analytics will not have access to users' personal data.
Earlier this week, Nassim Taleb, philosopher and author of the cult work "Black Swan", closed his Coinbase account complaining that his request for support was ignored.