China
Odaily
Ministry of State Security: The So-Called "Anonymity" of Virtual Currency Is Fundamentally a False Proposition
- MSS states blockchain transactions are transparent and traceable by design, contradicting the popular belief that virtual currencies offer true anonymity.
- The ministry cites the use of cryptocurrencies in money laundering, cross-border fraud, and other illicit financing schemes as a national security concern.
- Authorities emphasize their technical capability to de-anonymize and trace blockchain transaction participants, serving as a warning to would-be offenders.