alt Hacker NewsEvery single transaction is public information. If you carry a wallet into Iran, and it's coins are used through 20 different transactions to purchase weapons, all of those can be traced back to their origin.
Replies
arcanemachiner • yesterday at 7:54 PM
Well, that depends on which cryptocurrency is used, doesn't it?
cammikebrown • yesterday at 7:55 PM
Not if they used Monero
That's like saying every currency note is traceable because it has a serial number. If someone hands you a dollar today can you trace it starting from where it was printed to everything it was used for until it eventually got into your hands?
Yeah you can look up bitcoin wallet IDs on the ledger, but you can also generate an unlimited number of wallets, and pass coins in any combination through any number of mixers and tumblers, and exchange it between multiple currencies (some of them truly untrackable). If people or organizations want to stay anonymous in the crypto ecosystem they can very easily do so.