2019-07-21

Virgin Bitcoin

Traceability

The Bitcoin blockchain serves as a decentralized ledger that allows anyone to follow the transaction history of a particular token with the touch of a button.

For example, each Bitcoin carries with it a cryptographically provable history that contains a detailed record of ownership and transaction data associated with the token.

Simply put, if a particular Bitcoin has been used to process even a single illegal activity in the past, all of its subsequent transactions will be tainted. This, according to Dave Jevans (CEO of CipherTrace), is one of the main reasons why certain cyber-savvy criminals go to such great lengths to launder their cryptocurrencies before putting them to use. 

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Full artcile:
https://cointelegraph.com/news/virgin-bitcoin-most-in-demand-crypto-that-is-regulated-differently