The Rise in Popularity of Cryptocurrency and Associated Criminal Activity

Cryptocurrency such as bitcoin, Ethereum, and, more recently, Monero has become the currency of choice for many drug dealers and extortionists. The criminal activities extend to tax evasion, money laundering, Ponzi schemes, and the theft of cryptocurrencies to kidnapping for ransom. As the demand fo...

Full description

Saved in:  
Bibliographic Details
Main Author: Kethineni, Sesha (Author)
Contributors: Cao, Ying
Format: Electronic Article
Language:English
Published: [2020]
In: International criminal justice review
Year: 2020, Volume: 30, Issue: 3, Pages: 325-344
Online Access: Volltext (lizenzpflichtig)
Journals Online & Print:
Drawer...
Check availability: HBZ Gateway
Keywords:
Cryptocurrency
Cyber securities
Cybercrime
Legal regulations
Virtual currency

MARC

LEADER 00000caa a22000002c 4500
001 1787223493
003 DE-627
005 20230428005722.0
007 cr uuu---uuuuu
008 220126s2020 xx |||||o 00| ||eng c
024 7 |a 10.1177/1057567719827051  |2 doi 
035 |a (DE-627)1787223493 
035 |a (DE-599)KXP1787223493 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
100 1 |a Kethineni, Sesha  |e VerfasserIn  |0 (DE-588)1222305100  |0 (DE-627)1741385482  |4 aut 
109 |a Kethineni, Sesha  |a Kethineni, Sesha Rajani Kumari 
245 1 4 |a The Rise in Popularity of Cryptocurrency and Associated Criminal Activity 
264 1 |c [2020] 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
520 |a Cryptocurrency such as bitcoin, Ethereum, and, more recently, Monero has become the currency of choice for many drug dealers and extortionists. The criminal activities extend to tax evasion, money laundering, Ponzi schemes, and the theft of cryptocurrencies to kidnapping for ransom. As the demand for cryptocurrencies increases, it provides opportunities for criminals to hide behind the presumed privacy and anonymity. Identifying these cryptocurrency-related crimes have posed challenges for law enforcement due to the cross-border nature of transactions, the use of evasion technology to mask the identity of users, and inconsistent regulations. To address the role of cryptocurrencies in criminal activities, the study focused on four research questions: (1) What role do cryptocurrencies such as bitcoin (BTC) play in criminal activities? (2) What factors facilitate cryptocurrency-related criminal activities? (3) What role do politics play in regulating cryptocurrencies? and (4) What are the challenges they pose for regulators and law enforcement? To answer the questions, the study utilized a systematic content review of the news reports, court cases, scholarly articles, online search engines, and commentaries relevant to regulations and reforms. The findings help to understand the current climate of virtual currencies, their use in criminal activities, and the complexities involved in regulating cryptocurrencies. 
650 4 |a Cryptocurrency 
650 4 |a Cyber securities 
650 4 |a Cybercrime 
650 4 |a Legal regulations 
650 4 |a Virtual currency 
700 1 |a Cao, Ying  |e VerfasserIn  |4 aut 
773 0 8 |i Enthalten in  |t International criminal justice review  |d Thousand Oaks, Calif : Sage, 1991  |g 30(2020), 3, Seite 325-344  |h Online-Ressource  |w (DE-627)48672476X  |w (DE-600)2187661-7  |w (DE-576)266542581  |x 1556-3855  |7 nnas 
773 1 8 |g volume:30  |g year:2020  |g number:3  |g pages:325-344 
856 4 0 |u https://dx.doi.org/10.1177/1057567719827051  |x Resolving-System  |z lizenzpflichtig  |3 Volltext 
951 |a AR 
ELC |a 1 
LOK |0 000 xxxxxcx a22 zn 4500 
LOK |0 001 4044843589 
LOK |0 003 DE-627 
LOK |0 004 1787223493 
LOK |0 005 20220126143109 
LOK |0 008 220126||||||||||||||||ger||||||| 
LOK |0 040   |a DE-21-110  |c DE-627  |d DE-21-110 
LOK |0 092   |o n 
LOK |0 852   |a DE-21-110 
LOK |0 852 1  |9 00 
LOK |0 935   |a krub  |a krzo 
ORI |a SA-MARC-krimdoka001.raw