Bitcoin regulation? Imperfect knowledge of identities and the money laundering risk: A West African perspective

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Date

2018

Journal Title

Journal ISSN

Volume Title

Publisher

University of the Western Cape

Abstract

Arguments for regulating Bitcoin are built mainly on the technologically disruptive nature of the currency and its susceptibility to facilitating financial crimes on a scale larger than financial institutions. This paper questions this notion and proposes instead that the disruptive nature of Bitcoin is not technological but legal. The legal disruption requires a legislative response aimed at ensuring suitable regulation that can circumvent the identity crises in Bitcoin transactions.

Description

Keywords

Financial crimes, Bitcoin, Money laundering, West Africa, Cryptocurrencies

Citation

Egbiri,I & Azinge, V.N . (2018). Bitcoin Regulation? Imperfect Knowledge of Identities and the Money Laundering Risk: A West African Perspective. Journal of anti-corruption and law, 2(1). 163-182