Chainalysis
September 20, 2024
Chainalysis Unicorn News - September 21, 2024
Michael Gronager from Chainalysis discusses the future role of AI in policing crypto transactions, highlighting its potential to enhance efficiency in investigating crimes like tax evasion while also addressing challenges posed by privacy tokens.
() Introduction
() Chainalysis Executive Discusses AI's Role in Combating Crypto Tax Evasion
Michael Gronager from Chainalysis has made forward-looking statements about the future role of AI in policing cryptocurrency transactions. He suggests that within five years, AI agents will be crucial in identifying criminal activities such as tax evasion in the crypto space. Gronager highlighted the potential of generative AI to streamline the efforts of various government departments, thereby enhancing the efficiency of investigations into crypto-related crimes. This technology could significantly reduce overlapping efforts and speed up the process of tracking illicit transactions. However, he also noted challenges posed by privacy tokens like $ZEN and $XMR, which are designed to obscure transaction details, making it difficult for authorities to trace and identify illicit activities. Despite these hurdles, Gronager remains optimistic about the role of AI in improving the detection of crypto-related crimes.
