Criminals Drop Bitcoin for New Cryptocurrencies

Criminals Drop Bitcoin for New Cryptocurrencies

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video tutorial discusses the differences between Bitcoin's anonymity and traceability, highlighting how transactions can be traced through the blockchain. It explores the regulatory landscape of cryptocurrencies, focusing on exchanges and know-your-customer (KYC) laws. The tutorial also examines the use of privacy coins like Monero in criminal activities, such as ransomware attacks, and the challenges faced by law enforcement in tracking these transactions.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do law enforcement agencies face when trying to track transactions made with cryptocurrencies?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways has the criminal underworld utilized Monero?

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