
Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.
The myth of crypto as an untraceable haven for cybercriminals has long been busted, even if Bitcoin still carries the reputation as a dark web currency used to buy drugs and hire hitmen. If anything, blockchain’s immutable records provide better opportunities for insight into illicit activity than plain old cash, creating a golden age for law enforcement investigations thanks to the rise of analytics firms like Chainalysis and TRM Labs.