Post
Topic
Board Bitcoin Discussion
Re: CipherTrace Enters Race to Solve Crypto's FATF Compliance Headache
by
malevolent
on 19/09/2019, 22:41:42 UTC
It sure is. I won't lie, this is probably going to end with lots of disgruntled exchange customers, frozen money, closed accounts, unexpected law enforcement investigations, etc. I've always been extremely careful to ensure that anything touching my Coinbase account is unimpeachable. Unfortunately with the way things are headed, we'll need to employ that sort of caution to most services -- maybe even lower tier exchanges registered in random island nations. You just never know.

So people are going to self-police themselves even without legal pressure? Undecided

I am almost positive Ciphertrace's technology can still trace movements of transactions even after they've gone through a mixer

I am not. It most likely depends on the mixer used and on each individual case.