Bitcoin, crypto-coins, and global anti-money laundering governance

Contagion Effect in Cryptocurrency Market

“…This evolution makes cryptocurrencies very interesting for investors, as well as for researchers, with a growing body of literature on several issues (Urquhart 2018;Corbet et al 2019). These studies include topics more linked with financial issues like efficiency or the relationship with other assets (which is addressed in the next section), in addition to analysis issues like regulation or even linkages with possibly illicit activities (see, respectively, the works of Chaffee (2018) and Campbell-Verduyn (2018) as examples on each of those topics).…”

Use of Blockchain in Governance: A Systematic Literature Review

“…Money laundering (ML) is a global problem. Bitcoin virtual currency provides a place for persons who generate, transfer, launder and steal illegal funds with some kind of anonymity [24]. Bitcoin offers many of the same tasks that are associated with other virtual currencies, such as Web Money, and added unique challenges to researchers because of its decentralized nature, even though there is no central Bitcoin server to compromise [25].…”

“…Second according to the FATF management tends to rely on solutions based on the magic pool of Technology accordingly, Programming Application interface (APIs) provide client identification information "or third party digital identification systems that need to be adjusted themselves [25], [23]. b) Totally banned of crypto-currencies: The virtual nature of crypto-currencies (CCs), users evaluates the currency for many of the same reasons they believe that they can exchange currency-based goods, services or national currency at the date of the lateral [24]. As such, Bitcoins is currently accepted as a form of digital payment method by hundreds of legitimate retailers including vendors selling clothing, games, music, and some hotels and restaurants.…”

Introduction to special section on blockchains and financial globalization

“…Instead, CCs have contributed to the wider splintering of global finance over the decade since the 2008 global financial crisis. For instance, despite becoming gradually more accepted by a range of firms, 1 the actual usage of what are now thousands 2 of existing CCs for payment transactions has remained niche, including in markets for illicit goods and services that the initial applications of blockchains are often characterized as facilitating (Campbell-Verduyn 2018a;Cox 2013;Foley et al 2018). Although being continuously promoted as the most efficient manner of transferring value across national borders, 3 'crypto-remittances' have also not 'scaled' in the decade following the publication of Satoshi Nakamoto's white paper, as Rodima-Taylor and Grimes highlight in their examination of global diaspora networks.…”