Yes, bitcoin transactions are traceable. Every transaction made on the Bitcoin network is recorded on a public ledger called the blockchain. While individual users can remain pseudonymous, their transaction history can still be traced through analysis of the blockchain.

Despite its use for buying goods and services, there are still no uniform international laws that regulate Bitcoin. Many developed countries allow Bitcoin to be used, such as the U.S., Canada, and the U.K.

Each block is cryptographically linked to the previous block, forming a chain. This structure ensures that the entire transaction history is recorded in a sequential and tamper-resistant manner. As a result, all transactions are permanently stored on the blockchain, and anyone can view them.

A transaction is a transfer of Bitcoin value on the blockchain. In very simple terms, a transaction is when participant A gives a designated amount of Bitcoin they own to participant B.