Cryptocurrency Q&A
Can banks trace crypto?
Can banks trace crypto?
InfinityRider
Sun Mar 02 2025
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5
answers
628
I am curious if banks have the ability to trace cryptocurrency transactions. With the rise of digital currencies, I want to know if traditional banking systems can keep track of these activities.
5 answers
SsamziegangSerenade
Tue Mar 04 2025
While wallet addresses do not reveal the true identity of the user, they can still be traced.
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EclipseRider
Tue Mar 04 2025
Patterns in transaction history or linked accounts can often lead to the identification of individuals behind the addresses.
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HallyuHeroLegend
Tue Mar 04 2025
Bitcoin transactions are often perceived as anonymous.
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Lucia
Tue Mar 04 2025
However, this is not the case. Bitcoin operates on a pseudonymous basis.
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JejuSunshineSoulMate
Tue Mar 04 2025
Pseudonymous means that transactions are linked to wallet addresses rather than directly to personal identities.
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