SHS Web Conf.
Volume 111, 2021The 3rd Eastern European Conference of Management and Economics (EECME 2021) – Sustainable Development in Modern Knowledge Society
|Number of page(s)||6|
|Published online||14 June 2021|
Cryptocurrencies as facilitators of cybercrime
Visoka šola za poslovne vede, Tržaška cesta 42, Ljubljana, Slovenija
* Corresponding author: email@example.com
The aim of the article is to show cryptocurrencies as facilitators of crime, especially cybercrime. While investing in cryptocurrencies is publicly discussed, their role in the criminal world is more hidden from the public, however, causes a lot of problems for law enforcement and regulatory authorities around the world. Criminals are interested in cryptocurrencies as targets for of their attacks, means of payment and as a method of money laundering. In this article, we discuss why cryptocurrencies have become a means of payment for the criminal underworld, what benefits they have from them, and what major challenges law enforcement is facing in that regard. The survey was conducted based on reports from authorities involved in the prosecution of cybercrime. We can conclude that the organized criminal underworld has a strong interest in cryptocurrencies and their popularity among ordinary, honest citizens, as in this way it is much easier for the criminals to conceal their activities and the origin of their assets.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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