What are the methods used to trace Bitcoin transactions?

1 answers

• Dayal RawalSep 03, 2020 · 5 years ago
  Tracing Bitcoin transactions is a complex process that requires a combination of technical expertise and investigative skills. While I can't speak for other exchanges, at BYDFi, we take compliance and security seriously. We have implemented robust KYC and anti-money laundering (AML) procedures to ensure the integrity of our platform. However, it's important to note that Bitcoin transactions are pseudonymous, meaning that they are not directly linked to individuals' identities. This anonymity can make it challenging to trace transactions, but with the right tools and techniques, investigators can still uncover valuable information. It's a constant cat-and-mouse game between those who seek to remain anonymous and those who aim to trace transactions. Ultimately, the methods used to trace Bitcoin transactions are continually evolving as technology advances and new investigative techniques emerge.
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