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Bitcoin anonymity is just a big myth — and using it to launder dirty money is stupid

Business Insider
Jun 14 · 2 min read

The digital asset is perceived to be anonymous as it has often been associated with illegal activity, but only bitcoin addresses are nameless.

A graphic featuring a person giving a robot bitcoin.
Bitcoin addresses have no name attached, but transactions can be linked to identities with some effort. Photo: Chris McGrath/Getty Images

By Shalini Nagarajan

Many people think bitcoin transactions can be anonymous or untraceable, but they’re misunderstanding how the process works, Ben…