Inca Digital will engage in a project named “Mapping the Impact of Digital Financial Assets,” with the goal of developing a cryptocurrency ecosystem mapping tool to deliver information to the US government and commercial organizations.
In addition to investigating potential money laundering and sanctions evasion, the project will help to understand interactions between traditional and digital financial systems, money flows into and out of blockchain systems, and other uses of cryptocurrency in areas of concern to the US government.
In the release, Inca Digital CEO Adam Zarazinsky stated:
“Given the increasing prevalence of digital assets, the Department of Defense and other federal agencies need to have better tools to understand how digital assets operate and how to leverage their jurisdictional authority over digital asset markets globally.”
DARPA program manager Mark Flood told The Washington Post:
“DARPA is not engaged in surveillance. I’ll emphasize that we are careful in this research that we do not get involved in personally identifiable information.”
For some years, DARPA has been researching blockchain technology, both for its security implications and as a possible tool for its own goals. It collaborated with Trail of Bits in June to assess the degree to which blockchains are decentralized and identify potential risks.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
London, UK, 4th November 2024, Chainwire
November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…
OpenSea new version is scheduled to launch in December, with an improved user experience, improved…
This website uses cookies.