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You are somewhat correct in that yes most crypto is not private. However this isnt a binary state, often pseudo-anonymity (which most crypto can do) is sufficient.

Except to a well informed person with the proper tools, its difficult to follow even relatively basic transactions more than a few hops. How many of these kind of people do we think are employed by the IRS?

Even the FBI have been famously bad at tracking criminal funds, and they do have the expertise and tools.



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