LEGALISATION OF PROCEEDS OF CRIME THROUGH THE USE OF VIRTUAL ASSETS: CRIMINOLOGICAL AND CRIMINAL LAW ASPECTS
LEGALISATION OF PROCEEDS OF CRIME THROUGH THE USE OF VIRTUAL ASSETS: CRIMINOLOGICAL AND CRIMINAL LAW ASPECTS

Summary/Abstract: The emergence of cryptocurrencies in 2009 opened up wide-ranging opportunities for the development of new private methods of making payments and transferring and storing information, the dissemination and use of which is beyond the control of monetary authorities. At the same time, the specific characteristics of cryptocurrencies, in particular the extraordinary complexity of verifying the counterparties involved in cryptocurrency transactions, allow economic actors to evade taxes and shift their activities to the shadow sector. In this context, the question arises of the need to study cryptocurrencies and their consequences in order to identify the risks and threats they pose in the global economic area. Money laundering and terrorist financing are gradually becoming an increasingly popular area in which cryptocurrencies are used and deployed. It is worth noting that the forms and methods of legalising (laundering) the proceeds of crime through cryptocurrencies are diverse. Moreover, these forms and methods are constantly evolving in the context of the constant digitalisation of society and the increasing awareness of the public.

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