Coinbase Signs Contract with Homeland Security to Provide Analytics Software

Translated by: MOS Education Team – XU

As reported by CoinDesk, “The U.S. Department of Homeland Security’s Immigration and Customs Enforcement (ICE) branch awarded a three-year contract to Coinbase for its analytics software on Sept. 16.”

In August, Coinbase signed a similar but smaller contract with ICE worth $29,000 to provide the border enforcement agency with licenses for its analytics software.

The exchange also signed contracts in April 2021 and May 2020 and with the U.S. Secret Service to provide access to its analytics software. Both of these contracts were initially under $50,000 in value, but had maximum values of $183,750.

The initial obligation is for $455,000 but can go up as high as $1.37 million by 2024. This is also the highest overall ceiling of all its government deals.

On a different note, it is speculated that the US government’s supervision and regulation of virtual currencies could be gradually increasing.

References: Coinbase signs deal with Homeland Security

Proofread and edited by: RD16
Posted by: RD16

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