Specific Issues Related to Countermeasures Against Technology of Using Cryptocurrency for Unlawful Purposes

Shestak, V.A. & Adigamov, A.I. (2019). Specific issues related to countermeasures against technology of using cryptocurrency for unlawful purposes. Current issues of law and law enforcement: materials of all-Russian scientific and practical conference (25 October 2019). Krasnodar: Stavropol branch

9 Pages Posted: 12 Nov 2019 Last revised: 29 Dec 2019

See all articles by Viktor Shestak

Viktor Shestak

Moscow State Institute of International Relations (MGIMO)

Artur Adigamov

Moscow State Institute of International Relations (MGIMO)

Date Written: October 19, 2019

Abstract

In this article are described problems of legislative regulation in the sphere of cryptocurrency turnover in the Russian Federation, demonstrated the need of development and improvement of counteracting methods against technology of using cryptocurrency for unlawful purposes. By analyzing means of committing crimes with use of cryptocurrencies in the criminal world, it is concluded about small scale of criminal business, which is based on new for criminals virtual currency. It is noted that technologies of committing crimes with use of cryptocurrencies are steadily evolving, which create new challenges for law enforcers. Enhancing the effectiveness of countermeasures against technology of using cryptocurrency for unlawful purposes requires an international legal regulation, cooperation of law enforcers at supranational level.

Keywords: crimes, counteraction to cybercrime, cryptocurrency, bitcoin, blockchain, cybercrime technology, darknet, cross-border

JEL Classification: K14

Suggested Citation

Shestak, Viktor and Adigamov, Artur, Specific Issues Related to Countermeasures Against Technology of Using Cryptocurrency for Unlawful Purposes (October 19, 2019). Shestak, V.A. & Adigamov, A.I. (2019). Specific issues related to countermeasures against technology of using cryptocurrency for unlawful purposes. Current issues of law and law enforcement: materials of all-Russian scientific and practical conference (25 October 2019). Krasnodar: Stavropol branch, Available at SSRN: https://ssrn.com/abstract=3479336 or http://dx.doi.org/10.2139/ssrn.3479336

Viktor Shestak (Contact Author)

Moscow State Institute of International Relations (MGIMO) ( email )

Prospekt Vernadskogo, 76
Moscow, 119454
Russia

Artur Adigamov

Moscow State Institute of International Relations (MGIMO) ( email )

Prospekt Vernadskogo, 76
Moscow, 119454
Russia

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