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Daily Dashboard | IRS seeks cryptocurrency tracking technologies, offers $500K grant Related reading: Notes from the IAPP, Sept. 18, 2020

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The U.S. Internal Revenue Service is offering a $500,000 grant for software that can track privacy-focused cryptocurrency transactions, ZDNet reports. The Criminal Investigation department announced it is soliciting proposals, with a deadline of Sept. 16. Contractors will be given eight months to work on the software, with a further $125,000 awarded when it is deployed. “Currently, there are limited investigative resources for tracing transactions involving privacy cryptocurrency coins” or other “off-chain transactions that provide privacy to illicit actors,” the IRS said.
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