Debunking Bitcoin Myths in the Wake of 2023 Crypto Market Recovery and Regulatory Evolution

Tyler Spalding, CEO / Co-Founder, Flexa, 2Chainz and Zack Seward, Deputy Editor-in-Chief, CoinDesk

Since 2014, there has been a significant effort to develop and implement infrastructure to prevent, detect and investigate bitcoin and other crypto transactions. Today, there are numerous tools available for financial institutions, regulators, law enforcement and virtual asset service providers (VASPs) that enable advanced techniques and tools to track and analyze bitcoin and crypto transactions, leading to the identification and apprehension of criminals in various cases. The level of traceability in bitcoin is actually higher than in many other financial systems, especially cash where transactions can be much more opaque.

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