Bitcoin and Money Laundering: Mining for an Effective Solution

32 Pages Posted: 29 Aug 2013 Last revised: 11 Apr 2015

See all articles by Danton Bryans

Danton Bryans

Indiana University Maurer School of Law

Abstract

Bitcoin is a disruptive, emerging virtual currency that poses unique challenges for authorities tasked with regulating money laundering. This Note examines the application of federal and state anti-money laundering regulations to Bitcoin and analogous virtual currencies, looking specifically for the most efficient and effective option.

Keywords: Bitcoin, money laundering, AML, FinCEN, cryptocurrency, digital currency, e-commerce, virtual currency, cybercrime, money transmitter, law and technology, Silk Road, payment systems

JEL Classification: A10, E40, E42, E50, G21, K20, K23, K42, L86, O30, O33, O34, O38, O50, O51

Suggested Citation

Bryans, Danton, Bitcoin and Money Laundering: Mining for an Effective Solution. 89 Ind. L.J. 441 (2014). Available at SSRN: https://ssrn.com/abstract=2317990

Danton Bryans (Contact Author)

Indiana University Maurer School of Law ( email )

211 S. Indiana Avenue
Bloomington, IN 47405
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
1,611
rank
10,024
Abstract Views
5,613
PlumX Metrics