4 ms·
Yes, of course that's what the blockchain is about, but there is usually no information attached to a transaction that would identify it as illicit, like a note
by periheli0n 5y ago
Yes, of course that's what the blockchain is about, but there is usually no information attached to a transaction that would identify it as illicit, like a note saying "this was for banned substances", "thank you for placing the bomb", or "Enjoy your new superyacht, Sergej". Therefore it is not possible to trace illicit transactions, unless one defines illicit as referring solely to using stolen crypto.
- anonporridge 5y agoIsn't the same true of traditional finance and cash?
- periheli0n 5y agoIn principle yes, but at least for wire transfers the autorities can walk up to the bank and ask for transaction details. And cash needs physical transfer which complicates things. Either way, it is difficult to determine which transactions are illicit, also in traditional finance.