The risks of transforming the drug trade using cryptocurrencies

Риски трансформации наркоторговли с использованием криптовалют

Anna D. Gracheva (Грачева А.Д.), Igor A. Lebedev (Лебедев И.А.) and Nadezhda V. Kapustina (Капустина Н.В.)
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Anna D. Gracheva (Грачева А.Д.): Financial University under the Government of the Russian Federation
Igor A. Lebedev (Лебедев И.А.): Financial University under the Government of the Russian Federation
Nadezhda V. Kapustina (Капустина Н.В.): Financial University under the Government of the Russian Federation

State and Municipal Management Scholar Notes, 2024, vol. 1, 104-109

Abstract: The article deals with the problem of using cryptocurrencies to legalize income received from the sale of narcotic substances. Due to the active development of digital technologies, the availability and ease of use of cryptocurrencies, cases of using crypto markets for drug trafficking have become more frequent. In this regard, the authors assessed the scale of the problem and the volume of proceeds from drug trafficking using cryptocurrencies, and also considered the main territories characterized by the im- plementation of such activities. In conclusion, measures were proposed to minimize the risks of using cryptocurrencies to legalize income from drug trafficking.

Keywords: drug trafficking; cryptocurrency; crypto markets; digital crime; crypto crimes; risks (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:smmscn:s24113

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