Wednesday, August 28, 2013

Virtual currency: Following the Bitcoin trail

Virtual currency: Following the Bitcoin trail "The fact that many Bitcoin users want to convert their digital currencies into the more traditional sort, and the fact that most transactions now pass among a handful of major exchanges and electronic wallets, mean that it is possible to track the movements of large numbers of Bitcoins. Ms Meiklejohn says that the details aren’t enough, by themselves, to identify users. But they could conceivably provide the police with enough information to obtain subpoenas and would reveal who owns an account associated with a transaction."

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