Bitcoin und Blockchain

Rosenberger, Patrick

doi:10.1007/978-3-662-56088-4

Cited by 19 publications

(3 citation statements)

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“…Therefore, a dire need to regulate VCs and associated services has emerged to strengthen the prevailing global AML regimes. However, the ever-changing nature of VCs poses significant challenges for regulators, investigators and FIs to cope with the technical developments (Rosenberger, 2018). However, regulators are approaching FinTech very cautiously and often overreact in response (Tufano, 2019).…”

Section: Virtual Currencies and Money Launderingmentioning

confidence: 99%

Virtual currencies and money laundering: existing and prospects for jurisdictions that comprehensively prohibited virtual currencies like Pakistan

Sultan

Mohamed

Martin

et al. 2023

JMLC

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Purpose This study aims to examine the Financial Action Task Force’s recommendations on virtual currencies (VCs) and how Pakistan has responded to them. Design/methodology/approach Qualitative document and jurisprudence analysis techniques were used to achieve the study’s goal. Findings According to this study, VCs are modern FinTech that no jurisdiction can ignore. However, Pakistan has not adopted regulations to govern VCs but comprehensively prohibits their use. It is primarily due to the apathy of various regimes and regulators. Furthermore, the geographical location, undocumented economy and rampant corruption could facilitate the abuse of VCs for money laundering. Originality/value This study has provided a significant overview for developing regulations for VCs in Pakistan and other developing jurisdictions with the same characteristics.

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Section: Virtual Currencies and Money Launderingmentioning

confidence: 99%

Virtual currencies and money laundering: existing and prospects for jurisdictions that comprehensively prohibited virtual currencies like Pakistan

Sultan

Mohamed

Martin

et al. 2023

JMLC

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“…In the VC ecosystem, one is confronted with new news and new technical possibilities almost daily. This poses a challenge for supervisors, investigative authorities, the government and banks alike to keep up with technical developments in this area (Rosenberger, 2018).…”

Section: Challenges In Practicementioning

confidence: 99%

Money laundering through cryptocurrencies - analysis of the phenomenon and appropriate prevention measures

Wronka¹

2021

JMLC

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Purpose The aim of this paper is to assess the relevance of cryptocurrencies with regard to the money laundering risk on the market and to present widespread money laundering techniques and recognizable patterns of abuse. In addition, this paper aims to find an answer to the question to what extent the measures of the fifth EU Anti-Money Laundering Directive (AMLD) as well as other appropriate preventive measures are sufficient to reduce the money laundering risk in the area of virtual currencies (VC). Design/methodology/approach Firstly, the analysis requires a consideration of the theoretical foundations of money laundering methods, as well as a presentation of the technical foundations of cryptocurrencies and their ecosystem. Secondly, it is discussed to what extent VC are suitable for money laundering, which characteristics enable them to launder money and which new money laundering techniques result from this. In addition, a comparison of different money laundering risk classification is done in relation to VC from the perspective of different actors in the financial market. Findings Owing to their simple electronic storage and transferability, crypto assets pose a concrete risk of money laundering. Their inclusion in the fifth AMLD was therefore a necessary step by the European legislator. However, the question arises to whether the directive and the further preventive measures presented in this paper sufficiently fulfil the objective of reducing the money laundering risk in relation to VC. One positive aspect is the inclusion of the crypto custody business as a financial service in the German Banking Act. According to the definition in Section 1 (1a) sentence 2 no. 6, the offering of wallets is subject to authorization and the offering party becomes an obligated party within the meaning of the Germany Money Laundering Act. From a supervisory point of view, the new licensing requirement is very much welcomed, as the custody of private cryptographic keys entails considerable risks. However, non-custodian wallet providers who do not store the private keys of their users, are not covered. A closer analysis of the amending directive to the fourth EU AMLD reveals that other relevant players in the crypto market, such as mixer and tumbler services, are also not covered. Originality/value It is quite clear that cryptocurrencies and the blockchain technology will continue to accompany one in the coming years. Further credit institutions arising in the market exposed to the described risks will be seen. The paper will therefore present and evaluate possible risk reduction/options for anti-money laundering for new and existing financial institutions.

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“…A Figura 6 apresenta a classificação das Dapps utilizando a taxonomia proposta. As seguintes Dapps foram classificadas: Bitcoin (Rosenberger, 2018), Terracoin , Ethereum (Ferretti & D'Angelo, 2020), FreiCoin (Bieliauskas, 2019), Monero (Li et al, 2019), SolarCoin (Tian et al, 2022), Hyperledger , Zcash (Silfversten et al, 2020), CargoChain (Hellani et al, 2021), Omni (Strehle & Steinmetz, 2020), Dash (Mosley et al, 2022), Litecoin (Van Hieu et al, 2021, AnonCoin (Henry et al, 2018), Warranteer (Attaran & Gunasekaran, 2019), Genecoin (Thiebes et al, 2020), IBREA (Veuger, 2017), Ripple (Amores-Sesar et al, 2020), Feathercoin (Attah, 2019), DigitalNote (Yu et al, 2019), MultiChain (Ismailisufi et al, 2019), Cryptonite (Suarez et al, 2019) e Permacoin totalizando 22 Dapps. Em seguida iremos descrever com maiores detalhes o uso da classificação para três Dapps escolhidas, baseada na sua importância para a comunidade e ao uso das três macros categorias propostas.…”

Section: Blockchainunclassified

Taxonomia Do Modelo De Aplicacoes Descentralizadas Baseadas Em Blockchain

Correa¹,

Sousa²,

Veloso³

et al.

19th CONTECSI International Conference on Information Systems and Technology Management

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cryptocurrencies introduced and pushed the concept of Blockchain allowing the decentralized registration of information with the support of a network of untrusted participants. Using these concepts, a new model for building decentralized applications emerged, called Dapps (Decentralized Applications), which, besides being scalable, provides security and forms of incentives for participation. Despite the great attention that Dapps have received from the developer community and the innovation system, their definition is still imprecise. This paper aims to define and conceptualize Dapps and underlying technologies, as well as to propose a taxonomy that allows their classification. A study of the main Dapps proposed or recently developed using the proposed taxonomy is also presented. The definitions and the taxonomy proposed in this paper will enable a better understanding of the challenges potentials of Dapps in the context of the scientific community and industry Keywords: taxonomy, blockchain, Decentralized Applications. TAXONOMIA DO MODELO DE APLICAÇÕES DESCENTRALIZADAS BASEADAS EM BLOCKCHAINRESUMO: as criptomoedas introduziram e impulsionaram o conceito de Blockchain permitindo o registro descentralizado de informações com o suporte de uma rede de participantes não confiáveis. Utilizando esses conceitos surgiu um novo modelo para construir aplicações descentralizadas, chamado de Dapps (aplicações descentralizadas), que, além de escalável, provê segurança e formas de incentivos à participação. Apesar da grande atenção que as Dapps têm recebido por parte da comunidade de desenvolvedores e do sistema de inovação, sua definição ainda é pouco precisa. Este artigo procura definir e conceituar as Dapps e tecnologias subjacentes, bem como propor uma taxonomia que permita sua classificação. Também é apresentado um estudo sobre as principais Dapps propostas ou desenvolvidas recentemente, utilizando a taxonomia proposta. As definições e a taxonomia proposta neste artigo permitirão uma melhor compreensão dos desafios potenciais das Dapps no contexto da comunidade científica e indústria.

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Bitcoin und Blockchain

Cited by 19 publications

References 0 publications

Virtual currencies and money laundering: existing and prospects for jurisdictions that comprehensively prohibited virtual currencies like Pakistan

Virtual currencies and money laundering: existing and prospects for jurisdictions that comprehensively prohibited virtual currencies like Pakistan

Money laundering through cryptocurrencies - analysis of the phenomenon and appropriate prevention measures

Taxonomia Do Modelo De Aplicacoes Descentralizadas Baseadas Em Blockchain

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