Global professional services firm PricewaterhouseCoopers (PwC) has unveiled a new blockchain analytics tool currently in pilot testing, designed to trace cryptocurrency transactions and monitor fund flows. The software aims to help businesses combat illicit activities involving digital assets.
PwC Tests Cutting-Edge Blockchain Analytics Software
PwC and its Hong Kong legal partner Eric Young revealed that the tool arrives as Asian manufacturers, tech firms, and retailers show growing interest in Initial Coin Offerings (ICOs) for fundraising. The move comes amid shifting regulatory landscapes across Asia:
- China's tightening cryptocurrency restrictions
- Crypto firms relocating to more permissive jurisdictions like Hong Kong and Singapore
- Increasing demand for compliance solutions in digital asset markets
👉 Discover how blockchain analytics transform compliance
How the Tool Enables Cryptocurrency Transaction Tracking
The analytics platform empowers token issuers to:
- Monitor post-issuance token movements
- Identify potential illegal usage patterns
- Implement preventive measures proactively
"Young explained: "While blockchain's distributed ledger records transaction values, issuers traditionally lacked visibility into fund destinations and usage contexts. Our AI-powered solution changes this paradigm."
Key technical features include:
- Predictive analytics for transaction routing patterns
Risk scoring based on:
- Business sector
- Geographic location
- Operational characteristics
PwC's Expanding Cryptocurrency Advisory Services
The firm has deepened its crypto-sector engagement through:
| Service Category | Specific Offerings |
|---|---|
| Legal Compliance | KYC/AML guidance, litigation support |
| Financial Advisory | Tax structuring, regulatory navigation |
| Operational Support | Transaction monitoring solutions |
Notably, PwC Hong Kong began accepting Bitcoin payments for consulting services in November 2022, signaling institutional crypto adoption.
Cryptocurrency Compliance FAQs
Q: How does PwC's tool differ from existing blockchain analytics?
A: It combines AI-driven predictive modeling with issuer-focused controls, going beyond retrospective transaction tracking.
Q: Can the tool recover stolen cryptocurrencies?
A: While it can't reverse transactions, it provides actionable intelligence for legal recovery efforts.
Q: Is this solution relevant for DeFi projects?
A: Yes, the framework adapts to both centralized and decentralized finance ecosystems.
👉 Explore enterprise-grade crypto compliance tools
Q: What regulatory standards does the tool address?
A: It aligns with FATF Travel Rule, GDPR, and major jurisdictional AML requirements.
Q: How does risk scoring work?
A: The system evaluates 127 data points across transaction patterns, counterparty profiles, and geographic risk factors.
Q: Can traditional financial institutions use this technology?
A: Absolutely—banks and payment processors increasingly adopt such solutions for crypto-facing services.
As cryptocurrency markets mature, tools like PwC's analytics platform bridge the gap between innovation and responsible adoption, offering businesses unprecedented visibility into digital asset flows.