Privacy Vs. Security, Do Authorities Monitor Every Crypto Transaction?

Tracking cryptocurrency transactions is getting easier for law enforcement agencies. On Oct. 16, Cointelegraph reported on how authorities in the United States successfully shut down an international child pornography site. To identify the criminals, the investigators used tools developed by analytic company Chainalysis, which helped to track the Bitcoin (BTC) wallets, used by the criminals to receive payments from customers.

As authorities find more and more ways to track cryptocurrencies, criminals use new techniques, and many sites remain beyond government control. Who will win this battle and can the fight against financial crimes grow into total control over users?

Cryptocurrencies are not anonymous

Before cryptocurrencies gained worldwide popularity, they attracted the attention of criminals who accepted Bitcoin payments in exchnage for drugs and weapons, while others used it to financing terrorism and launder money. As a result, for some time, most had been under the