Open AccessMoney Laundering using Cryptocurrency: The Case of Bitcoin!
Author(s) -
Gaspare Jucan Sicignano
Publication year - 2021
Publication title -
athens journal of law
Language(s) - English
Resource type - Journals
ISSN - 2407-9685
DOI - 10.30958/ajl.7-2-7
Subject(s) - money laundering , cryptocurrency , virtual currency , business , currency , digital currency , order (exchange) , commerce , financial system , monetary economics , economics , finance , computer security , computer science
The bitcoin, one of the most discussed topics in recent years, is a virtual currency with enormous potential and can be used almost immediately with no intervention from financial institutions. It has spread rapidly over the last few years, and all financial and governmental institutions have warned of the risk of its use for money laundering. The paper focuses on this aspect in order to understand if any purchases of bitcoins, using illicit money, can come under the anti-money laundering criminal law. Keywords: Bitcoin; Money laundering; Italian law; Cryptocurrency.