Crypto scammers better watch out! The Ministry of the Economy is preparing to declare war on them. Tired of the scale of tax fraud in this booming sector, Bercy intends to restore order. His secret weapon? Artificial Intelligence!
Alarming figures and obvious gap
The figures don't lie and reveal the scale of the challenge ahead. According to the European Central Bank, no less than 5 million French people use crypto! However, the tax authorities have only received 150,000 declarations of this type. A glaring discrepancy that raises eyebrows among the authorities.
In addition, the massive fraud observed on other systems such as MaPrimeRénov (400 million euros!) suggests the worst. Everything suggests that many French people are hiding part of their crypto assets under the nose of the administration. A situation that cannot last according to the government!
Heavy artillery deployed against crypto fraudsters
To remedy this scourge and make up for the shortfall in tax revenue, Bercy plans to move up a gear. A new anti-fraud law is in preparation, with a very strong specific crypto component.
At the same time, Bercy intends to take advantage of technological advances in AI to track crypto fraud more effectively. No more random and time-consuming checks! Make way for massive and intelligent analysis of blockchains using state-of-the-art algorithms. A decisive advantage against the complexity of laundering circuits.
Concretely, how will tax AI proceed to unmask crypto fraudsters? His modus operandi looks formidable!
- First, it will be “trained” on huge databases of historical crypto transactions in order to model recurring fraud patterns.
- Once this calibration has been carried out, they will then be able to scan the blockchains in real time for questionable activities.
- Better yet, AI will dynamically monitor financial flows as transactions occur. Each virtual euro exchanged will be traced to its source, patiently untangling the web of the most complex fraud circuits. A constant watch, tireless and devoid of human flaws.
This standoff with crypto fraud goes beyond the immediate financial issues. The entire credibility of the rule of law is at stake! By drying up obscure circuits, the authorities assert their sovereignty over these new sectors of the economy.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
