As cryptocurrencies grow, so does the demand to track their users

As newer cryptocurrencies begin to creep up, law enforcement agencies want the same capabilities targeting the newer technology.


Launched in 2014, Monero is a cryptocurrency built fundamentally built to be private and untraceable. Zcash, a much-hyped 2016 addition to the cryptocurrency world, boasts similar privacy goals and is designed by a team of highly-respected academics in the U.S. and Israel.

“Monero in particular [is gaining adoption],” said Andrew Lewman, previously the director of Tor and now a vice president at the dark net intelligence firm DarkOwl. “One or two [criminal] marketplaces have played with Zcash but Monero is becoming much more popular and there is a marketplace that only does Monero now because bitcoin is easy to trace through the blockchain.”