Chainalysis Proposes Standards for Tracing Blockchain Transactions

Blockchain analytics firm Chainalysis is proposing new standards for tracing funds on a blockchain. Chainalysis on Monday (June 29) introduced an ontology that explores how investigators can track funds to wallet clusters to help law enforcement in their investigations into illicit finance. “Investigators and compliance teams rely on blockchain data to follow and seize illicit assets and make decisions about the customers they allow on their platforms,” Chainalysis said.