Terrorists Turn to Bitcoin for Funding, and They’re Learning Fast

Re:Terrorists Turn to Bitcoin for Funding, and They’re Learn... by headmelted on Monday August 19, 2019 @03:38AM (#20735704)

"It is extremely easy for sophisticated governments in the USA and Israel to identify who has donated"

Not really.

If someone is sending money from their Coinbase on-exchange wallet then fair enough, but if the wallet holder has not been through a KYC process then (while it's in the public ledger) it's still almost impossible to track the source of the funds - knowing the source and destination wallets tells you nothing.

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Re:Terrorists Turn to Bitcoin for Funding, and They’re Learn... by jwilliams on Monday August 19, 2019 @03:46AM (#20735742)

You know more than the source and destination for a transaction - you know the entire chain of custody for any flow of value.

Governments are very certainly tracking this. With augmentation and pattern matching, they will know quite a bit.

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Re:Terrorists Turn to Bitcoin for Funding, and They’re Learn... by Maxion on Monday August 19, 2019 @04:05AM (#20735845)

You can't spend crypto directly on many things, most need fiat. Currently on ramps and off ramps are still used and can be used to identify suspects.

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Re:Terrorists Turn to Bitcoin for Funding, and They’re Learn... by luckylion on Monday August 19, 2019 @05:46AM (#20736305)

That gets very hard very quickly if you're involving something like monero and are happy to pay some fees and don't require giant amounts in one transaction.

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