The Russian financial intelligence agency will spend 340 million rubles to improve the cryptocurrency tracking system

According to ChainCatcher news, Russian media reported that the Russian financial intelligence agency will invest 340 million rubles (approximately 5 million USD) to update its cryptocurrency monitoring system, bringing the total development tender to 1 billion rubles. The system will download public data of the following cryptocurrencies from blockchain nodes: BTC, BCH, LTC, and DOGE.

In addition, the system is expected to have the capability to track external blockchain data (such as media and social networks), a hash address search mechanism, and create an interface for cryptocurrency quotes. The agency believes that cryptocurrencies "should be legally equivalent to property," and this monitoring helps identify criminal activities from a legal perspective. (Source link)