Chainalysis Is Spinning Up Government Solutions for Agencies

Chainalysis is spinning up a government-facing subsidiary in an expansion of the blockchain tracer’s multimillion-dollar business with the U.S. military, federal investigators and police forces. America’s hodgepodge of state, local and federal agencies together buy more Chainalysis software than anyone else, the company told CoinDesk. They drive the lion’s share of Chainalysis’ business: providing data tools that demystify who is sending bitcoin and other cryptocurrencies to whom and where. It's how the government polices an illicit crypto economy that Chainalysis estimated at $14 billion last year.