Cryptocurrencies v. financing crime and money laundering
DOI:
https://doi.org/10.33119/SIP.2023.193.11Keywords:
blockchain, money laundering, cybercrime, cryptocurrenciesAbstract
The aim of this article is to identify the most important types of crime related to cryptocurrencies and money laundering, utilizing the infrastructure based on blockchain technology. The development in the area of decentralized finance for a long time preceded the decisions of regulators, which only when the market increased in value substantially started to act, implementing limits and rules known from traditional finance. Despite these measures, the scale of crimes using the assets has been on the rise all the time: the growing interest of retail investors creates a feedback loop, as they increasingly become victims of crimes and provide the liquidity necessary for money laundering.
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