IRS Looking to Trace Crypto Transactions with AI - BeInCrypto

in hive-116221 •  4 years ago 

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The idea is that the IRS wants to automate processes and make regulation enforcement more streamlined. The sophisticated developments of the cryptocurrency market, and in general, technology has spurred the authority to keep up with the changes.

One overarching motivation hinted at by the posting is that the IRS wishes to digitize their system, moving away from paper-based processes. The AI and machine learning concepts will include utilizing chatbots to trace crypto transactions. The information posting reads,


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