Chainalysis Reveals Huge Growth In Government Bitcoin, Crypto And Blockchain Interest—Makes Dire Monero Warning – Forbes

October 13, 2020 By admin

Bitcoin and cryptocurrency use has piqued the interest of law enforcement and government agencies around the world this year, according to influential blockchain analysis firm Chainalysis.

The New York-based company has reported recurring revenue year-on-year for its 2020 third quarter has doubled, mostly driven by “increased demand for investigative blockchain technology from public sector agencies” looking to crack down on illicit use of bitcoin and crypto.

That government interest includes a controversial recent IRS contract to trace privacy token monero—with Chainalysis chief executive Michael Gronager warning such privacy tokens have a limited future.

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“I’m excited about the growth that we’re seeing in the public sector,”