Bitcoin and other cryptocurrency as an instrument of crime in cyberspace

Dominik Stroukal and Barbora Nedv?dová ()
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Barbora Nedv?dová: University of Economics, Prague

No 4407036, Proceedings of Business and Management Conferences from International Institute of Social and Economic Sciences

Abstract: Bitcoin and other cryptocurrencies transformed the trade in illegal goods, especially drugs. Thanks to them in conjunction with other anonymization tools could arise dark markets, illegal marketplaces in cyberspace. Despite active intervention by the authorities, their number and quantity of goods on offer is growing significantly. Besides, we observed a tendency to change the structure of the drug market. This article is next to the description of the operation of dark markets based on identified trends and look to the future of how will dark markets look like. . . . . . . . . . . . .

Keywords: Bitcoin; cryptocurrency; cyberspace; cybercrime; dark web; deep web (search for similar items in EconPapers)
Pages: 8 pages
Date: 2016-11
New Economics Papers: this item is included in nep-pay
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Published in Proceedings of the Proceedings of the 4th Business & Management Conference, Istanbul, Nov 2016, pages 219-226

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Persistent link: https://EconPapers.repec.org/RePEc:sek:ibmpro:4407036

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