The Cryptocurrency Tumblers: Risks, Legality and Oversight

Discussion ​Paper ​Series: Notes on the 21st Century

6 Pages Posted: 5 Dec 2017

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: November 30, 2017

Abstract

Services known as Cryptocurrency “Tumblers” obfuscate the provenance, possession, and movement of cryptocurrencies through a process of “mixing” . While this speaks to the cryptoanarchist philosophical roots of cryptocurrencies, it poses various forms of risks, particularly those subsumed by the anti-money laundering (AML) category. This discussion paper examines that dichotomy, between cryptoanarchism and oversight, through the Tumbler lens, so as to consider the regulation, oversight, and legality of Tumblers themselves.

Keywords: Cryptocurrency; Bitcoin; Regulation; Blockchain, Money laundering

Suggested Citation

Chohan, Usman W., The Cryptocurrency Tumblers: Risks, Legality and Oversight (November 30, 2017). Discussion ​Paper ​Series: Notes on the 21st Century . Available at SSRN: https://ssrn.com/abstract=3080361 or http://dx.doi.org/10.2139/ssrn.3080361

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Rawalpindi
Pakistan

Register to save articles to
your library

Register

Paper statistics

Downloads
716
Abstract Views
2,201
rank
35,380
PlumX Metrics