Can Bitcoin be traced if used for illegal activities?

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Can Bitcoin be traced if used for illegal activities?

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Yes, Bitcoin transactions can be traced due to their recording on the blockchain, which is publicly accessible. While Bitcoin offers a degree of pseudo-anonymity—meaning user identities are not directly revealed—authorities can track transactions through linked public addresses paybis.com/blog/can-bitcoin-be-traced/. If a Bitcoin address is associated with a real-world entity, such as a bank account or a verified account on a cryptocurrency exchange, it becomes easier for authorities to identify individuals involved in transactions. Additionally, law enforcement agencies often track the digital “breadcrumbs” left by Bitcoin transactions to investigate and dismantle criminal networks. The cooperation of cryptocurrency exchanges in whitelisting wallet addresses enhances the effectiveness of these tracking efforts. For more detailed insights into cryptocurrency tracing and security, consider visiting Paybis.