Economics at your fingertips  

Corruption and Cryptocurrency - Blockchains as corruption tools

Adrianit Ibrahimi and Besa Arifi

Academicus International Scientific Journal, 2022, issue 26, 93-103

Abstract: Cryptocurrency has become ubiquitous and is evolving constantly. The question is if our legal framework is catching up with it. Therefore, this article analyzes the arguments on the legitimacy and legality of cryptocurrency in order to emphasize the relation between corruption and cryptocurrency. The research has enlightened some cogent arguments on the possibility of perpetrators committing corruption acts through cryptocurrency. These arguments basically refer to some of the unique characteristics of cryptocurrency such as the quick value fluctuation, the difficulties in tractability and the lacking current legislation. The unique features of it may headline cryptocurrency as an immensely attractive environment for corruption activities. Hence the world has already faced some tangled scamming scandals with cryptocurrency specified herein. Therefore, the aim of this article is to highlight the possibility for corruption acts to be committed through cryptocurrency as a form of corruption unknown before.

Keywords: cryptocurrency; corruption; legal framework (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Academicus International Scientific Journal is currently edited by Arta Musaraj

More articles in Academicus International Scientific Journal from Entrepreneurship Training Center Albania Contact information at EDIRC.
Bibliographic data for series maintained by Gabor Vasmatics ().

Page updated 2022-09-03
Handle: RePEc:etc:journl:y:2022:i:26:p:93-103