Is bitcoin traceable?
Bitcoin is also traceable. While the digital currency can be created, moved and stored outside the purview of any government or financial institution, each payment is recorded in a permanent fixed ledger, called the blockchain. That means all Bitcoin transactions are out in the open.
Can a bitcoin transaction lead to an arrest?
Some Bitcoin transactions are involved with illegal and criminal activity, which turns them into evidence that can potentially lead to an arrest. What this means is that BTC can leave digital “breadcrumbs” that can lead to a successful “breakdown” of illegal organizations and digital crime.
Why did criminals use Bitcoin?
Criminals, often operating in hidden reaches of the internet, flocked to Bitcoin to do illicit business without revealing their names or locations. The digital currency quickly became as popular with drug dealers and tax evaders as it was with contrarian libertarians.
Is bitcoin invulnerable if you break the law?
Reuters/Baz Ratner Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable. As recently as 3 years ago, it seemed that anyone could buy or sell anything with Bitcoin and never be tracked, let alone busted if they broke the law.
