If you could track to to a bitcoin address, it ought to be possible for the crytpocurrency community to "blacklist" an address used by thieves. Since the transactions have a complete history in the blockchain, an exchange could reject transactions that are traceable back to an address involved in theft, fraud, etc.
This is so wrong on so many levels...
Without getting into technical details on how exactly would you do that, think about this: who decides that "an address involved in theft, fraud, etc."? What happens to a legitimate merchant who sells a product or a service to one of the addresses "involved"?
It's seems you would like to bring over the clusterfuck that is credit card chargebacks/disputes over to crypto currencies. Thank you, but no (and thank Satoshi this is not really possible).