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Smart Contracts

A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. Because they are on the Ethereum…

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Stablecoin

Stablecoins maybe privately issued cryptocurrency or algorithmic or “non-collateralized/decentralized” stablecoins such as DAI, an algorithmic stablecoin issued by MakerDAO.

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StarkEx

An L2 that uses zk proofs.

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Suspicious Activity Report (SAR)

A Suspicious Activity Report (SAR) is a document that financial institutions must file with their Financial Intelligence Unit (FIU) whenever there is a suspected case of money laundering or fraud. These reports are tools to help monitor any activity within finance-related industries that is deemed out of the ordinary, a precursor of illegal activity, or…

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Suspicious Transaction Report (STR)

A Suspicious Transaction Report (STR) is a document that financial institutions must file with their Financial Intelligence Unit (FIU) whenever there is a suspected case of money laundering or fraud. These reports are tools to help monitor any activity within finance-related industries that is deemed out of the ordinary, a precursor of illegal activity, or…

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Trades Fiat

The entity has actual fiat/crypto trading pairs. This makes it easier for criminals and others to exchange crypto for cash or vice versa, increasing the likelihood of use for money laundering and other nefarious purposes.

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Trading Pairs

The term “trading pairs” describes the asset pair being traded. This is typically one cryptocurrency for another (BTC/ETH), however, this can also include fiat-based trading pairs (BTC/USD). More info: https://cryptocurrencyfacts.com/what-are-trading-pairs-in-cryptocurrency/

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Transaction Graph

A transaction graph is a visual representation of one or more transactions and the addresses that sent and received the cryptocurrency. A transaction graph can show how money is transferred between users and intermediate services such as hosted wallets, exchanges, or mixers. CipherTrace users can look up transactions and see transaction graphs. Users can also…

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Transaction ID

A transaction is a record in the blockchain that records the movement of cryptocurrency from one address to another. Transactions are uniquely identified by a transaction ID. A transaction has one or more inputs (with the exception of coinbase transactions, which do not have inputs) and one or more outputs. Bitcoin and Ethereum transactions can…

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Travel Rule

In October 2018, the Financial Action Task Force (FATF), the international anti-money laundering (AML) and terrorist financing watchdog, brought Virtual Asset Service Providers (VASPs) within the global AML and Combating the Financing of Terrorism (CFT) umbrella with its interpretive notes to Recommendation 15 on New Technologies. VASPs are financial institutions that manage virtual assets including…

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