Brazilian Tax Regulator Uses AI Tool to Identify Over $180 million Cryptocurrency Tax Fraud
2024-09-10 07:08:55
Brazil tax regulatory agency federal tax office recently revealeddesk3cryptocurrencydesktopCrypto News
Brazil's tax regulator, the Federal Tax Agency, recently revealed that the agency has been using an internal tool that uses artificial intelligence to detect money laundering and tax evasion transactions involving cryptocurrencies. The tool has been shown to identify businesses involved in identifying illegal use of cryptocurrencies for tax fraud over $180 million.
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