Start-up to help track crypto antecedents, help avoid investing in coins acquired through crime proceeds

A deep-tech start-up born in the city is working on a novel solution that could allow enthusiasts to trace the journey of cryptocurrencies like Bitcoins and help avoid investing in coins that were acquired through proceeds of crime, particularly in instances of purchase through peer-to-peer transactions.

Peer-to-peer trading refers to the direct exchange of cryptocurrencies between users without the involvement of centralised intermediaries such as brokers or exchanges.