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Is crypto transactions completely anonymous and really can't be tracked?

King Belieal

King Belieal

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One of the major positive points of transacting with crypto is that it is considered anonymous implying that a crypto transaction can't be tracked to reveal the identity of the parties involved in the transaction.

Is it true that crypto is truly anonymous beyond the surface? If some powerful forces actually mean to track a transaction and are ready to put in more than sufficient efforts, can't a transaction be tracked to the identity of the people involved in the transaction?
 
The law enforcement agencies are regularly tracking the crypto transactions and it is reported in the mainstream media. Here one of the largest crypto exchanges is not releasing small payments of $6, falsely citing prevention of money laundering.
 
neku said:
The law enforcement agencies are regularly tracking the crypto transactions and it is reported in the mainstream media. Here one of the largest crypto exchanges is not releasing small payments of $6, falsely citing prevention of money laundering.
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Money laundering is a small lie just to seize your earnings.
 
saoussen5765 said:
When someone has deposit 10000 usdt for example to stake they invent proof of residency and know half of users are student with their families.
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It depends on the platform you use for custodial wallets and crypto exchanges require KYC and proof of address, but for self-custodial wallets like Atomic you don't need KYC for staking crypto even if it has a value above $1000.
 
saoussen5765 said:
When someone has deposit 10000 usdt for example to stake they invent proof of residency and know half of users are student with their families.
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Whoever they invest that 10,000 with also has to verify their identity via. a CTR (Currency Transaction Report).
Especially if the crypto holder is based here in the U.S.
 
magnus2022 said:
cryptocurrency can be tracked especially by government agencies. This is one of the reasons why Binance is having trouble with most countries. Most countries insists that users of Binance exchange must do verification so that they will be able to track users.
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All international CEX got in trouble in my country. The current government obliges them to pass all customers' activities to R.S.I. The aim is to tax at the 15% whatever swap and trading that generates whatever profit, even if this profit only reaches 0,005 cents. Our R.S.I. also stated it acquired an AI being able to track whatever transaction of residents even in the DEX, in app wallets as Trust Wallet. Ledgers, Trezors, etc:mad:. Such a mishap is able to put an end to all online jobs paid through cryptocurrencies:mad:. Due to the institutional aversion against foreign finances. These kinds of governments expect residents to only work into our territorial boundaries and to get paid only through our national currency:mad:.
 
pousinha said:
The aim is to tax at the 15% whatever swap and trading that generates whatever profit, even if this profit only reaches 0,005 cents.
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*guffaws* I'm sorry but if you're taxing at that level down to the thousandth...
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