Russian financial regulators has been working to control bitcoin inside the country
Recently financial regulators are mulling the launch of state backed analytics software
Russian regulators are building a software to track crypto currently related transactions and hand it to the police to investigate
The software will monitor the dark web to flag any crypto currency related transaction originated from russia
Experts predicts it will take at least 3 years to build and cost $10 million dollar in funding
According to the local publication RBC the Russian financia monitoring service proposed a AI based software to track bitcoin transactions inside the country
Regulators have teamed up together with physics Institute at University of Moscow to develop transparent blockchain project to track bitcoin transaction
This software is similar to the drug tracking and dealing monitor system the backlist links and address using AI
The Software will track bitcoin, dash, monero, omni transaction from deep web that are related with trafficking, murder, smuggling, terror, kidnap etc
The Al will automatically track address found on deep web websites originated from russia and track the Ip of the person
This will prevent lesser crime inside the country and will limit the amount of money laundering using crypto currency
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