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IRS Looking To Trace Crypto Transactions With AI

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Coinness reporter

Tue, 06 Apr 2021, 08:41 am UTC

The IRS is looking to modernize its systems and use AI and machine learning to enforce compliance in the crypto market.

The US Internal Revenue Service (IRS) has published a new informational notice regarding its bid to trace crypto transactions.

The notice talks about using technologies like AI and machine learning on publicly available information to “determine potential use cases throughout IRS.”

Coinness

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