Criminology Towards the Metaverse: Cryptocurrency Scams, Grey Economy and the Technosocial

Online markets in cryptocurrency represent a sprawling and eclectic alternative financial system, selling cutting edge techno-investment schemes that are complex and high risk. Crime control is almost entirely absent from this new crypto economy, and it is full of scams. This paper draws on an ethno...

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Bibliographic Details
Main Author: Mackenzie, Simon (Author)
Format: Electronic Article
Language:English
Published: 2022
In: The British journal of criminology
Year: 2022, Volume: 62, Issue: 6, Pages: 1537-1552
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Keywords:
cryptocurrency
Scams
Fraud
Financial Crime
Cybercrime
Description
Summary:Online markets in cryptocurrency represent a sprawling and eclectic alternative financial system, selling cutting edge techno-investment schemes that are complex and high risk. Crime control is almost entirely absent from this new crypto economy, and it is full of scams. This paper draws on an ethnography of crypto trading to review the main types of scam, suggesting that the grey economy of cryptocurrency trading is part of a wider evolution of society towards the technosocial, and beyond that perhaps towards the metaversal.
ISSN:1464-3529
DOI:10.1093/bjc/azab118