Topic: World’s Bitcoin Exchanges Track and Report Customer Activity - page 2. (Read 1507 times)

It's good to hear that my online presence is valued. Really, Sincerely.

But might I suggest that while all these resources are being devoted to monitoring
activity that is probably 99.9 percent legitimate - If I spend my bitcoin I know
the risks - maybe a small amount of these resources could be directed to actual abuse.

And in other news ...

http://www.express.co.uk/news/uk/579760/Lord-Janner-spotted-London-dementia-child-sex-abuse

"House of Lords politician Lord Janner was seen out and about north London in photos to emerge
over the weekend.
It was just last month that Director of Public Prosecutions (DPP), Alison Saunders, ruled that the
86-year-old was not able to stand trial because he has dementia."

Maybe if he had only used bitcoin he might now be in the dock. We may never know.

another reason to have zerocoin here and immediately, one should always look carefully at his transaction, and try to left as minimum traces as possible, to avoid being traceable

funny how many were talking about why we need anon for bitcoin... this is why, my friends, i hate being fucking monitored by individuals like those, privacy is important

Yes exactly. Direct trading exchanges are the way forward.

It's hard to track and trace Bitcoin transactions to a single person. However, transactions to and from addresses can be traced, but it is hard to know who owns what addresses. It can be very anonymous when done correctly.

i use localbitcoins .. why bother with all that ID bullshit on circle or coinbase??

Another reason for filing tax information to the governments!

Be a nice guy.

And most of them report to the IRS, FinCEN, etc

It's quite funny, because I remember saying an article like this back in 2012, where BTC got linked to paedos, drug dealers and other criminals, which made me totally ignore it as something not good.
Thanks to that FUD article, I lost the chance of being a millionaire a year later, but thanks to that article, im here today ahead of a lot of other people, with a couple BTC under my belt, ready for the revolution to take over the world in the next decade.

So you’ve heard about Bitcoin and how you can buy items anonymously using the Darkweb’s most popular digital currency? Well – you’re not alone. Bitcoin has taken over the seedy underground of the deepweb as pedophiles and hipster drug pushers alike flock to the digital gold like birds of a feather.

According to a story published in the Guardian today, it seems a planetary wave of cyber crime is funneling into the cryptocurrency.

"A pan-European drive to use the financial system to fight online child abuse has succeeded in reducing sales of child abuse material using conventional payment systems – but research suggests that abusers have been driven underground, turning to anonymiser technologies to evade law enforcement, and bitcoin to pay for material."

Thankfully, the world’s largest Bitcoin exchanges are working with law enforcement agencies to quietly track customer activity and share collected intelligence (blockchain data). These efforts could help rout out sexual offenders and make bitcoin the safest, most traceable, trackable, and eventually the most secure payment system ever created.

The EFC (European Financial Coalition) along with the IWF (Internet Watch Foundation) are among those reportedly working with exchanges:

"The IWF said it was working with several of the world’s largest bitcoin exchanges to share intelligence and develop strategies for preventing the currency being used by distributors of child sexual abuse images."

The best approach as identified by these reports is to use Bitcoin exchanges to identify suspicious transactions in order to follow the money back to the abuser, and prioritizing the identification of individuals who have access to children.

Full Story: http://altcoinpress.com/2015/06/worlds-bitcoin-exchanges-track-and-report-customer-activity/