Can I read The Use of Cryptocurrencies in the Money Laundering Process on EtoBox?

The Use of Cryptocurrencies in the Money Laundering Process by Albrecht, Chad; Duffin, Kristopher McKay; Albrecht, Conan; Morales Rocha, Victor Manuel; Futter, Angela is a Social Sciences article available to read on EtoBox.

What is The Use of Cryptocurrencies in the Money Laundering Process about?

## Purpose This paper aims to analyze the money laundering process itself, how cryptocurrencies have been integrated into this process, and how regulatory and government bodies are responding to this new form of currency. ## Design/methodology/approach This paper is a theoretical paper that discusses cryptocurrencies and their role in the money laundering process. ## Findings Cryptocurrencies eliminate the need for intermediary financial institutions and allow direct peer-to-peer financial transactions. Because of the anonymity introduced through blockchain, cryptocurrencies have been favored by the darknet and other criminal networks. ## Originality/value Cryptocurrencies are a nascent form of money that first arose with the creation of bitcoin in 2009. This form of purely digital currency was meant as a direct competitor to government-backed fiat currency that are controlled by the central banking system. The paper adds to the recent discussions and debate on cryptocurrencies by suggesting additional regulation to prevent their use in money laundering and corruption schemes.

Who reads The Use of Cryptocurrencies in the Money Laundering Process?

Author

Albrecht, Chad; Duffin, Kristopher McKay; Albrecht, Conan; Morales Rocha, Victor Manuel; Futter, Angela

Publisher

Emerald Group Publishing Limited; Emerald (MCB UP ); Emerald Group Publishing Ltd.; Emerald (ISSN 1368-5201)

Published

2019

Language

EN

Field

Social Sciences