Cryptocurrency Q&A Can the US government track cryptocurrency?

Can the US government track cryptocurrency?

emma_carter_doctor emma_carter_doctor Tue Dec 03 2024 | 6 answers 1360
I want to know if the US government has the ability to track cryptocurrency transactions. Can they monitor and trace the Flow of these digital currencies? Can the US government track cryptocurrency?

6 answers

AzrilTaufani AzrilTaufani Thu Dec 05 2024
Cryptocurrency transactions, despite their pseudo-anonymity, possess a traceable nature.

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CryptoPioneerGuard CryptoPioneerGuard Thu Dec 05 2024
Public blockchains, like Bitcoin and Ethereum, allow anyone to view transactions.

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HanjiArtist HanjiArtist Wed Dec 04 2024
This visibility extends to governmental entities, including the IRS.

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Alessandra Alessandra Wed Dec 04 2024
The IRS has the capability to analyze blockchain transactions.

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IncheonBeautyBloom IncheonBeautyBloom Wed Dec 04 2024
Through sophisticated methods, they can match 'anonymous' transactions.

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