Most In-Demand Crypto That Is Regulated Differently?

In a world where the global crypto community continues to face a growing number of regulatory hurdles with each passing day, the term "Virgin Bitcoin" is starting to become more common among digital currency enthusiasts.

According to Dave Jevans, the CEO of CipherTrace, virgin Bitcoins are essentially BTC tokens that do not have a transaction record associated with them.

Virgin BItcoins on G-20 agenda With all of the aforementioned information in mind, it is important to consider that, at the recently concluded G-20 summit that took place in Osaka, Japan, the core governing committee agreed to adopt the standards of the Financial Action Task Force - which are conventionally used in relation to fiat currencies - even for digital assets.

"When these standards go into effect, interexchange transactions will require transparency regarding senders and receivers of cryptocurrency. This opens doors to a wide berth of scrutiny as regulators probe different ledgers to determine what wallets participated in illicit crypto exchanges, hacks, etc. Bitcoin remains of interest to institutional investors, but their threshold for risk is much lower. With uncertainty as to how the crypto world will conform to the FATF standards, many traditional investors feel it best to air on the side of caution."

Yang then went on to highlight the importance of virgin Bitcoins and how tainted crypto can become extremely tough to use when dealing with regulated financial institutions.

Since Bitcoin offers its owners more transparency when compared to hard cash, virgin coins can be painted clean in a much easier manner.

This is quite noteworthy because the demand for virgin Bitcoin seems to be spiking rapidly across the globe, and it seems as though mining operations in China are continuing to thrive and grow with each passing day.

"The buyers are from US and other more regulated areas. China's miners are just sellers. Buyers may be pursuing these coins because of their novelty as well as the perceived ease-of-compliance in regulatory uncertainty. In truth, virgin Bitcoin might not benefit family funds or intuitions/individuals making the purchase. Still, there is clearly more confidence in virgin coin and it continues to fetch high premiums as a result."

Virgin Bitcoin data worth taking a note of As per CipherTrace's crypto intelligence team, over 75% of all transactions taking place on the black market are facilitated using Bitcoin.

In a similar vein, Jevans told Cointelegraph that virgin Bitcoins were also used to fund the registration payment for dcleaks.com.