Chainalysis
Blockchain analytics
Chainalysis — a leading blockchain analytics platform that traces the origin of cryptocurrency for compliance, banks and law enforcement.
- What it is
- Chainalysis — a leading blockchain analytics platform
- What it does
- Tracks the origin and path of cryptocurrency
- Who uses it
- Banks, exchanges, compliance, law enforcement
- Why
- Assess whether crypto funds are linked to crime
- How to use it
- Check the cleanness of your crypto’s origin in advance
In plain words
Chainalysis is one of the world’s leading blockchain analytics platforms. Although cryptocurrency transactions are considered anonymous, the blockchain is public, and special tools make it possible to track the movement of funds: where the cryptocurrency came from, which wallets and services it passed through, and whether it is linked to risky or illegal sources (the darknet, hacks, sanctioned addresses, fraud).
Such tools are used by banks, crypto exchanges, payment services, compliance departments and law enforcement agencies. If a person gives cryptocurrency as a source of wealth, modern compliance is highly likely to check its origin through such systems. “Clean” crypto with a transparent history passes, while funds linked to risky addresses raise questions and can become an obstacle.
For clients whose wealth is partly or wholly in cryptocurrency, this is a key point: the myth of complete crypto anonymity is long out of date. Evidencing the origin of crypto funds is as important as for ordinary money. We help assess the cleanness of your crypto history in advance and prepare documents explaining the source of funds, so that the check does not become an unexpected barrier.
Where blockchain analytics matters
What matters about Chainalysis
- Blockchain analytics
- Tracking transactions
- A public blockchain
- The origin of the crypto
- Links with the darknet
- Sanctioned addresses
- Banks and exchanges
- Compliance
- Law enforcement
- Crypto is not anonymous
- A clean history is needed
- Evidence the origin
How to prepare crypto wealth
- 01Assess the cleanness of the crypto history
- 02Gather documents on the origin
- 03Explaining the path of the funds
- 04Passing the check
- 05A clean source
What you need to know
- Chainalysis — a leading blockchain analytics platform
- The blockchain is public — crypto movements are tracked
- It looks for links between funds and risky sources
- Used by banks, exchanges, compliance and law enforcement
- The myth of complete crypto anonymity is out of date
Common mistakes
- Treating cryptocurrency as completely anonymous
- Failing to evidence the origin of crypto funds
- Ignoring links between wallets and risky addresses
- Cashing out crypto without a ready history of the source
- Underestimating the depth of blockchain analytics
What this means for a BRIDGES client
We help clients with crypto wealth evidence its origin in advance the way modern compliance expects. We assess the cleanness of the wallets’ history and prepare documents on the path of the funds. Cryptocurrency has no anonymity, but with a transparent history it passes checks on a par with ordinary money.
Frequently asked questions
01 /What is Chainalysis?
One of the leading blockchain analytics platforms: it tracks the origin and path of cryptocurrency, helping assess whether funds are linked to crime.
02 /Isn’t cryptocurrency anonymous?
That myth is out of date. The blockchain is public, and special tools make it possible to track the movement of funds between wallets and services. There is no complete anonymity.
03 /Who uses such analytics?
Banks, crypto exchanges, payment services, compliance departments and law enforcement agencies — when checking the origin of crypto funds.
04 /What is looked for in a crypto history?
Links between funds and risky sources: the darknet, hacks, sanctioned addresses, fraud. “Clean” crypto with a transparent history passes.
05 /Does the origin of crypto need to be evidenced?
Yes, just as with ordinary money. If crypto is given as a source of wealth, compliance will most likely check its origin through blockchain analytics.
06 /How to prepare?
Assess the cleanness of the wallets’ history in advance and gather documents on the source of funds. We help do this so that the check does not become a barrier.
See also
Read next
This material has undergone editorial review by BRIDGES.
Wealth in cryptocurrency?
We will assess the cleanness of your crypto history and prepare evidence of its origin — so that the check goes through without barriers.