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Cryptocurrency, transferred through the blockchain, has been used for all kinds of illegal online transactions, including drug sales and terrorist activity. Bitcoin introduced the world to a new system for making secure transactions: the blockchain. Although the information on a blockchain is public, transactions involving bitcoin are technically anonymous. With all the public data available on blockchains, it’s getting harder for criminals to use cryptocurrency as a means of financing illegal activity and laundering money. Law enforcement is becoming savvier about cybercrime all the time and agencies like the FBI have tracked down high-profile criminals using public blockchain records.
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