The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $180 million in funds involved in the illicit usage of cryptocurrency. Brazilian Tax Watchdog […]
Source: https://news.bitcoin.com/brazilian-tax-watchdog-uses-ai-tool-to-identify-operations-linked-to-over-180-million-in-crypto-related-tax-fraud/