Crypto: +4.5 million French people are fraudsters! Bercy counterattacks!

Crypto scammers, beware! The Ministry of Economy is gearing up to declare war on them. Tired of the magnitude of tax fraud in this booming sector, Bercy is determined to restore order. Its secret weapon? Artificial Intelligence!

Alarming figures and a striking gap

The numbers don’t lie and reveal the extent of the challenge to be met. According to the European Central Bank, no fewer than 5 million French people would use crypto! However, the tax authorities have only received 150,000 such declarations. A glaring discrepancy that has raised the authorities’ eyebrows.

Moreover, the massive fraud observed with other schemes, such as MaPrimeRénov (400 million euros!), suggests the worst. It seems likely that many French people are hiding part of their crypto assets from the administration. According to the government, this situation cannot continue!

Heavy artillery deployed against crypto fraudsters

To address this scourge and recover lost tax revenues, Bercy plans to step up its efforts. A new anti-fraud bill is in preparation, with a very strong crypto-specific component.

In parallel, Bercy intends to take advantage of technological advances in AI to track crypto fraud more effectively. Gone are the random and time-consuming checks! Welcome to the massive and intelligent analysis of blockchains by state-of-the-art algorithms. A decisive asset against the complexity of laundering circuits.

So, how will the tax AI proceed to unmask crypto fraudsters? Its modus operandi promises to be formidable!

• Initially, it will be “trained” on huge historical crypto transaction databases to model recurring fraud patterns.
• Once this calibration is complete, it will then be able to scan blockchains in real-time for suspicious activities.
• Even better, the AI will perform a dynamic monitoring of financial flows as transactions occur. Each virtual euro exchanged will be traced back to its source, patiently unraveling the web of even the most complex fraud circuits. A tireless vigil, devoid of human error.

This arm-wrestling with crypto fraud goes beyond immediate financial issues. It’s all about the credibility of the rule of law! By drying up obscure circuits, the authorities assert their sovereignty over these new areas of the economy.