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With the advancement of financial technology, regulatory agencies are also exploring new tools to oversee cryptocurrencies like Bitcoin. One potential solution is the utilization of regulatory technology. Regulatory technology refers to the application of technologies such as artificial intelligence, big data analytics, and blockchain to optimize regulatory processes and enhance regulatory effectiveness.
Regulatory technology can provide the capability for real-time monitoring and analysis of Bitcoin transactions, allowing for better identification of suspicious activities. Through big data analytics, regulatory agencies can analyze transaction patterns, trader behavior, and compare them with other data sources to determine the presence of illicit activities. Additionally, blockchain technology itself can offer regulatory agencies better traceability for investigating potential violations. |
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Post time 27-12-2023 21:01:15