Bitcoin to Dollar logo Bitcoin to Dollar logo
Cryptopolitan 2019-09-13 04:00:08

Bitcoin transactions more trackable than fiat, report suggests

A blockchain analysis firm has recently published an MIT-IBM sponsored report that shows peculiarities in Bitcoin transactions, making it more trackable than fiat currencies. Cryptocurrency transactions have introduced an interesting paradox. While the anonymity involved in cryptocurrency or Bitcoin transactions has enabled fraudsters to take cover and unwarranted trades without getting recognized, the immutability and decentralization aspects empower investigators and researchers identify peculiar trends in digital transactions. There is no denying that fiat currencies traded on digital networks have the user’s identity attached to it for every transaction. This identity is freely shared amongst various organizations, making it extremely vulnerable

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer