On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset transactions.”

Also read: Britain’s Tax Authority Updates Crypto Guidelines

HMRC Wants a Blockchain Analysis Tool and Is Willing to Pay $100,000

Governments worldwide have been cracking down on cryptocurrency holders in order to make sure they are paying taxes. In the U.S., the country’s tax agency the IRS has initiated a broad stroke of tax enforcement against people who may own or at one time possessed cryptos. In the United Kingdom, HMRC has been following a similar path as the tax entity issued guidance for individual cryptocurrency holders in 2018 and then published more guidelines for businesses on November 1, 2019. HMRC’s updated crypto rules highlight the fact that they believe “individuals…

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Source: https://news.bitcoin.com/uk-tax-agency-to-pay-100k-for-blockchain-surveillance-software/