Elliptic to Police Bitcoin for Child Pornography Transactions

[kreslik.news]

Blockchain intelligence firm Elliptic has partnered with the non-profit Internet Watch Foundation (IWF) to monitor and curb the use of Bitcoin in transactions involving child pornography. Elliptic already works with the largest US and European Bitcoin exchanges and payment processors, and helps law enforcement agencies gather evidence in investigations involving Bitcoin.

In practical terms, the foundation has provided its database of Bitcoin addresses associated with child pornography to Elliptic which will integrate it into its transaction monitoring and investigation products. From now on any system that uses Elliptic services will automatically alert financial institutions and criminal authorities to any wallets that were involved in this illicit trade.

Susie Hargreaves, IWF CEO, said: “Over the past ... (read more)