U.S department bought Coinbase Forensics Software

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The U.S. Immigration and Customs Enforcement department bought software from Coinbase. Now they will use it to record & monitor the transactions. 

Coinbase is a large crypto exchange which is famous for their genuine work under full regulation of the framework imposed on the crypto ecosystem. In the past , the Coinbase team worked with the U.S government agencies to help in many matters. Now this time Coinbase will help the U.S. Immigration and Customs Enforcement through their software.

According to reports, The United States Immigration and Customs Enforcement announced their move to buy the monitoring software from the Coinbase Exchange. They will use this software in the beginning of August 2021. The government agencies didn’t talk about this matter much. They didn’t reveal how and for what purpose they will use. They bought this software from Coinbase at a cost of $29,000.

Coinbase stated on this deal and said that they are just vendors and they are just providing their services to the agencies.

“The Department of Homeland Security (DHS), U.S. Immigration and Customs Enforcement (ICE), Office of Acquisition Management (OAQ), intends to award a purchase order on a basis of other than full and open competition for computer forensic services. In accordance with FAR 13.106-1(b)(1)(i) and (ii), Coinbase, Inc. (DUNS number 081007539) is the only vendor who can reasonably provide the services required by the agency.”

These things clearly indicate how much high level securities have beliefs on the private crypto companies products. Coinbase has their own position to work with the government agencies but here this news shows the success & potential of crypto companies. 

Also we can see that many countries’ governments are looking to adopt the blockchain technology and few crypto assets directly like USDC to use as national CBDC. 

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