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To Aid US DHS investigations, CipherTrace develops Monero-tracing tool

To Aid US DHS investigations, CipherTrace develops Monero-tracing tool

Submitted by • September 7, 2020 cryptobusinessworld.com

Anonymity and privacy are the primary benefits of cryptocurrency. Yet crypto transactions are not as anonymous as some may think. This is due to the transparent nature of blockchain technology. Instead, Bitcoin (BTC) and other cryptocurrencies are pseudonymous. This is as each transaction on a blockchain network is transparent. This makes it possible to trace wallet addresses back to their source.
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