The potential of blockchain analysis tools and the technology

The news given a few days ago by the U.S. Department of Justice about the dismantling a large international network of criminals who used bitcoin as a form of payment has brought to light one of the most important aspects of this technology: the extreme transparency that characterizes it and the support that exchanges can offer to investigative authorities.

The arrest of more than 330 criminals resident in 38 different countries was made possible thanks to the investigations carried out by the various Police Forces in collaboration with crypto exchanges.

Thanks to the intrinsic nature of the blockchain and thanks to the use of real-time analysis softwares, it is possible to detect transactions from or to sites which its origin is of criminal matrix in an extremely rapid, efficient and accurate manner. This with good peace of mind of those that have a way of thinking that wants our industry as a place populated and frequented only by criminals, traffickers, terrorists and the worst that can be imagined. News such as the one reported by the Department, instead, show the opposite, that is, that the ecosystem of cryptocurrencies is able to make most of the financial movements, of an illegal nature, extremely inconvenient and inefficient.

We, at The Rock Trading, are sharing from the beginning the libertarian nature of this technology and aware of the great role of responsibility to which we are called as an exchange, have continuously developed internally and adopted all the necessary measures to carry out deep analysis and intercept suspicious movements to and from wallets or sites in the net that have a clear and proven criminal origin, arriving at the adoption of KYT (Know-your-transactions) technologies to complete the compliance required by AML standards.

One of the purposes of this is to defend and contribute to making the crypto ecosystem a place of freedom in which, private and institutional investors, can refer to, in order to diversify their portfolios without exposing themselves to additional risks, such as those of the traditional finance, and without exposing themselves to reputational risks deriving from inaccurate information rather than from concrete facts.