Glossary 

A system in which a record of transactions, especially those made in a cryptocurrency, is maintained accross computers that are linked in a peer-to-peer network. 

An online tool, Blochain Explorer is designed and devised to view all the information associated with blocks, addresses, and past and current transactions on a Blockchain. 

The technique of allowing illicit or suspect consignments to pass out of, through or into the terirory of one or more States, with the knowledge and uder the supervision of their competent authorities, with a view to the investigation of an office and the identification of persons involved in the commision of the offence. 

A digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. 

Financial arrangement where a neutral third party holds assets or funds during a transaction. The funds are released to the buyer and seller once both parties fulfill their obligations. 

An encryption program that provides cryptographic privacy and authentication for data communication. PGP is used for signing, encrypting, and decrypting texts, e-mails, files, directories, and whole disk partitions and to increase the security of e-mail communications. 

A privacy coin is a type of cryptocurrency designed to prioritise he privacy and anonymity of the user. They employ several design features to obfuscate or remove transaction data that compromises the privacy of the sender or recipient such as: ring sinatures, stealth addresses, confidential transactions, and coin mixing. Popular examples of privacy coins include Monero, Zcash and Dash.

A blockchain consensus mechanism in which computing power is used to verify cryptocurrency transactions and add them to the blockchain. Proof of work is also called mining, in reference to receiving a reward for work done.

A type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members' keys was used to produce the signature.

Virtual Asset Service Provider. A business that conducts one or more of the following actions on behalf of its clients: exchange between virtual assets and fiat currencies, exchange between one or more forms of virtual assets, transfer of virtual assets.