US Government Agencies Asks for Information on Crypto Transaction Tracking Tools BySherlock GomesPRO INVESTOR Updated: 15 July 2020 The US Army and the US Department of Defense recently requested information on tools that could be used for tracking cryptocurrencies. The tools must be used to enable US government agencies to investigate the source of crypto transactions in more detail. A government interested in tracking crypto transactions The US government website recently published a request for information (RFI) from the US Army and US Department of Defense on July 10. The RFI seeks “cryptocurrency investigative web-based application.” According to the notice, the information submitted to the RFI will be voluntary in nature. The US Army Contract Command- New Jersey (CC-NJ) which is located in Fort Dix, NJ is currently surveying the markets for potential contractors. These contractors should be able to provide one lienee for one user of a cloud and web-based application that is capable of helping law enforcement identify bad actors in the crypto ecosystem. These people are using digital currencies for illicit activities like money laundering, extortion, and fraud. The request accompanies a Statement of Work (SOW) as well that details the contractor must be able to provide the US Army Criminal Investigation Command (USACIDC) with a Software-as-a-Service (SaaS) platform that is essential to be used in criminal investigations and other such missions necessary. USACIDC will use the new software Note that the USACIDC is one of the frontline Military Criminal Investigative Organizations. It works under the Department of Defense and conducts criminal investigations across the globe. In the notice, the agency said that the applications must help users conduct an in-depth investigation into the source of crypto transactions. It should also be able to provide support for multiple currencies. The service will be administered by the USACIDC Major Cybercrime Unit in Quantico, VA. However, its users can be located anywhere in the world. Intended users for the service would the Securities and Exchange Commission (SEC), Internal Revenue Service (IRS), Transportation Security Administration (TSA), Drug Enforcement Administration (DEA), Federal Bureau of Investigation (FBI) and US Immigration and Customs Enforcement (ICE).