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Joined December 3, 2019

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HMRC explains why it wants to track your Bitcoin

HMRC is stumping up $130,000 to track what’s really happening on the blockchain.

The UK tax authority, HM Revenue and Customs (HMRC) is looking to spend £100,000 (approx $130,500) on a blockchain analytics tool that can be used to track cybercriminals using cryptocurrencies for a variety of purposes.

The tax authority is looking to supply its cybercrime team with a tool that can be used to analyze multiple different blockchains.