Governments worldwide have been ramping up regulations for cryptocurrencies and hiring research and blockchain surveillance teams. One firm that tracks transactions on the Bitcoin Core blockchain is called Chainalysis, and this year the company has gathered over a half a million USD on record from various government and law enforcement entities.
Public Records Show Chainalysis Is Garnering Quite a Bit of Funds from Government
Agencies
Over the course of the past year, one company has received a lot of money from government and law enforcement groups. That firm is Chainalysis, a blockchain surveillance team created in October 2014 by Jan Moller, Jonathan Levin, and Michael Gronager. Currently there’s a whole slew of teams that monitor blockchain activity, but Chainalysis has worked with nearly every U.S. government agency and is also employed by European organizations as well such as Europol. On record, the company has garnered $500,000 USD from the Department of Homeland Security (DHS), the Internal Revenue Service (IRS), Immigration and Customs Enforcement (ICE), and many more entities. The company is likely the most hired firm dedicated to following bitcoin transactions as multiple reports have disclosed many contracts and partnerships with Chainalysis over the past twelve months.
This was an interesting article. I don't think that government oversight is necessarily a bad thing - income and capital gains are meant to be taxed, and I'd rather not see crypto millionaires collecting welfare cheques.
I was going to upvote your post, but it appears to be plagiarized from another source:
https://news.bitcoin.com/your-taxes-paid-for-a-lot-of-blockchain-surveillance-last-year/
If you are copying and pasting other people's work, please cite your sources and add your own content / perspective.