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Dark Market

A Dark Market is a commercial website that operates via darknets such as Tor or I2P. They function primarily as black markets, selling or brokering transactions. Dark Markets include crypto addresses associated with individuals and organizations who sell or traffic human beings, illicit arms, counterfeit currency, forged documents, illegal narcotic drugs and psychotropic substances, unlicensed…

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Dash (DASH)

Dash is an open source altcoin that was created from a fork in the Bitcoin Protocol. Dash was formerly known as Xcoin and Darkcoin, but rebranded itself as Dash (a portmanteau of “digital cash”) in 2015 after Darkcoin become associated with its prevalence amongst dark marketplaces. Dash runs on a proof of work consensus model,…

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Decentralized Exchange (DEX)

A Decentralized Exchange or DEX is a type of cryptocurrency exchange that operates in a decentralized manner and enables peer-to-peer crypto trading. Because DEXs are a type of DeFi application, they typically lack any KYC process. While the operations of Decentralized exchanges are decentralized, the scale of the governance decentralization varies greatly; some operators are…

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Decentralized Finance (DeFi)

DeFi stands for Decentralized Finance. DeFi purports to remove financial institutions or other centralized third-party institutions from a financial services platform. The financial products, services, and instruments are implemented in code via smart contracts and are made up of independent parts that are brought together without the use of traditional intermediaries like banks. DeFi structures…

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Digital Asset Customer (DAC)

A Digital Asset Customer is a Digital Asset Entity that uses the services of a bank or other formal financial institution. The term “DAC” was first used to describe a broad grouping of cryptocurrency-based customers in the U.S. Department of the Treasury’s OCC enforcement action against M.Y. Safra Bank in early 2020. Alternative names include…

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Digital Asset Entity

Digital Asset Entity is an umbrella term referring to range of businesses built on cryptocurrency transactions. Digital Asset Entities include Virtual Asset Service Providers (VASPs) and cryptocurrency ATMs (which are financial institutions in their own right) in addition to gambling sites, incubators, and other entities which use crypto but are not classed as financial institutions.…

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Direct Fiat OnRamp

Allows you to deposit fiat directly into the exchange for purposes of funding an account; makes it easier for criminals and others to exchange cash for crypto, increasing the likelihood of use for money laundering and other nefarious purposes.

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Domiciled

Place considered by law as the center of corporate affairs. Different countries have different standards for enforcement of AML and other rules than others.

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Domiciled Region

The region in which the VASP is domiciled. Current region breakdowns for CipherTrace: Africa, Asia, Europe, North America, South America, Oceania.

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Dusting Attack

A dusting attack (also known as crypto dusting) is an attack where an extremely small amount of crypto is sent to thousands (or more) of wallet addresses. The goal of this attack is to de-anonymize some of these addresses. Dusting attacks have been utilized on most public blockchains, including Bitcoin, Ethereum, Litecoin, etc.

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