Cryptocurrencies, it is not true that they guarantee anonymity: how to trace the money to defend themselves from the scams (and the tax authorities also knows)

From the crypto-stroffe on Facebook to the fake legal quote from Google to the classic Ponzi scheme. THE scams related to cryptocurrencies They are increasing in the world: according to the annual FBI report, 9.3 billion dollars are estimated in the USA in the street of the fraud related to Bitcoin, Ethereum and the like. But it is not true – or it is not true – that the crypts guarantee the anonymity 100% And this applies both to establish the manager of a possible scam be in front of the tax authorities that The Revenue Agency is engaged in contrast to the evasion and also deals with the concealment of property and financial availability through the use of crypt-activity.

In Italy

Italy is no exception on the scam numbers, as reported by Decripto.orgthe platform specialized in detailed blockchain assessments For law enforcement, law firms and natural persons. Truffators are increasingly exploiting the characteristics of the chain, such as the anonymity of users and the immutability of contracts, to deceive users and obtain money illegally. Generally it leverages two factors: the poor technological knowledge of users and the fame of cryptocurrencies as a sector in which it is possible to create great earnings in a short time.

How to defend yourself

The good news is that they are The countermeasures to trace thefts are also increasing. There are experts able to analyze the blockchain and trace the different transactions like this to understand where the money ended removed. A background reconstruction that allows you to frame how exchanges have occurred. Even if the recovery of the funds can then be complex. As we read on Decripto: «In Italy the confiscation of cryptocurrencies takes place through a seizure decree by the judicial authorities, in collaboration with security agencies or regulatory entities. The return of the seized bitcoins It takes place exclusively through a legal verification, which includes confirmation of the identity of the owner and the legitimacy of the request for return « .

How the blockchain works

To understand how this is possible, however, you must be clear how the blockchain works, which is based on some fundamental concepts including the decentralization. In fact, we are talking about an P2P (peer-to-peer or person-to-person) network, a sort of public register, in which The control is distributed in equal measure among all users. The chain cannot be manipulated or interrupted and maintains its integrity, given that users participate actively and constructively in the functioning of the network itself. There is no control center And the system uses advanced PKI (Public Key Infrastructure) encryption which guarantees the authenticity of users. And this is a fundamental point. If identity is inaccessible The deposit of cryptocurrencies is actually traceable.