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Decentralized and Transparent Financial System:
The transparency offered by blockchain technology provides an opportunity for a more open and auditable financial system. Every transaction on public blockchains is traceable, allowing law enforcement and regulators to track and investigate illicit activity far more effectively than with traditional cash.
Emerging technologies for blockchain analytics are making it possible to enforce compliance and track illicit activities within the cryptocurrency ecosystem, thus reducing the concerns related to crime and fraud without needing a ban.
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