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CipherTrace provides KYC/AML and related services for companies and governments who need and want it. Here's the thing: transactions on the blockchain are anon
by thenewwazoo 5y ago
CipherTrace provides KYC/AML and related services for companies and governments who need and want it.
Here's the thing: transactions on the blockchain are anonymous but they're not private. If you're going to do things out in the open, someone's going to watch what you're doing. That doesn't necessarily result in regulation, though it may. It may doesn't necessarily result in incumbents squashing competition, though it may. CipherTrace builds tools, and how they're used is a political question, not a technical one.
Disclosure: I know the CipherTrace folks and did a tiny bit of contracting for them between jobs.
- quantumBerry 5y agoAccurate for BTC, although it's worth noting there are some privacy coins with blockchains that currently have very limited susceptibility to chain analysis, and thus as far as we can tell are private.