The Bitcoin Virtual Currency: A Safe Haven for Money Launderers? Nov 20 2017 12:45 languageMoneyScience
keyboard_arrow_downkeyboard_arrow_up Visit resource
Cardiff University - Cardiff Law School
September 4, 2013
This write-up among other things seeks to analyse the nature of the 'BITCOIN' crypto-currency, especially the destabilizing effect and dangers it poses to the financial sector, the regulators and the anti-money laundering regime as a whole. It will also look at the possibility of effectively regulating the currency 'Bitcoin' in its virtual environment in order to curb the risks associated with its use, such as drug dealing, tax avoidance, terrorist financing and blackmailing.
Furthermore, this write-up will discuss how far civil liberty can go in limiting online surveillance activities of enforcement agencies which are done in a bid to retrieve electronic data that might reveal financial crimes and terrorist financing. It concludes by suggesting effective measures which can be used to police Bitcoin transactions rather than prohibit its use.