RATE Group | Cryptocurrency Transactions Not As Untraceable As Commonly Thought
37287
post-template-default,single,single-post,postid-37287,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency Transactions Not As Untraceable As Commonly Thought

01 Aug Cryptocurrency Transactions Not As Untraceable As Commonly Thought

Posted at 15:28h in Cryptocurrency News by

[ad_1]

NEW YORK, Aug. 01, 2018 (GLOBE NEWSWIRE) — RANE (Risk Assistance Network + Exchange) announced today that it has published a RANE Spotlight Report titled “Cryptocurrency Compliance and Regulatory Risk” now available for download.

Highlights of the report include:

  • The percentage of bitcoin heading into dark web transactions is declining, yet that comes from the boom in cryptocurrency among financial speculators, rather than a decline in criminal activity.
     
  • With blockchain transactions, real-world identities can be determined at the points where individuals convert digital currency into fiat currency. The knowledge that bitcoin is traceable provides some level of deterrence for bad actors.
     
  • Blockchain analysis can determine a digital wallet’s proximity to known entities tied to illicit transactions, further shedding light on whether an individual is operating as a mule or a front.
     
  • An overwhelming majority of cryptocurrencies is used for investment and speculation…

[ad_2]

Source link

Tags:
, , , ,