For quite some time now, there have been rumors circulating on the Internet about so-called Bitcoin “task forces” which are created to track down illegal or suspicious activities on the blockchain. A leaked screenshot of a recent arrest made in California shows how these task forces are very real. Although it is not difficult to track the origin and destination of just about any bitcoin transaction on the blockchain, law enforcement agencies are stepping up their game by the look of things.
Also read: EDRC Digital Currency Is A Clear Scam With No Innovation Task Forces Are Tracking Bitcoin Transactions In Real-Time
People who have nothing to hide should not be worried about these so-called Bitcoin task forces, as there is nothing illegal in what most people are using this modern digital currency for. Internet criminals , however, might want to think twice before accepting Bitcoin payments from now on, as it looks like law enforcement is catching up with the rise in popularity of this modern digital currency.
The blockchain is as transparent as a payment ledger has ever been, as anyone in the world can track a transaction from source to destination in real-time. However, that does not mean just anyone can link an identity to a specific wallet address as that kind of information is off-limits to everyday consumers and enterprises.
Law enforcement agencies – especially Homeland Security – on the other hand, seem to have access to specific tools that will let them monitor Bitcoin transactions and link it to personal behavior. Although the exact details of how this would work, remain shrouded in mystery for the time being, a recent police report shows how one man was arrested for selling drugs on the darknet, and one law enforcement official tracked him down based on […]
