Bitcoin Regulation? Imperfect Knowledge of Identities and the Money Laundering Risk: A West African Perspective’

Azinge, Nkechikwu Valerie and Egbiri, Egbiri ifegwu (2018) Bitcoin Regulation? Imperfect Knowledge of Identities and the Money Laundering Risk: A West African Perspective’. Journal of Anti-Corruption Law, 2 (2): 2. pp. 163-182. ISSN 2521-5345

Text (Bitcoin Regulation? Imperfect Knowledge of Identities and the Money Laundering Risk: A West African Perspective�) - Published Version
Available under License None.
Download (0B)

Text (Bitcoin Regulation? Imperfect Knowledge of Identities and the Money Laundering Risk: A West African Perspective�) - Published Version
Available under License None.
Download (0B)

Text (Bitcoin Regulation? Imperfect Knowledge of Identities and the Money Laundering Risk: A West African Perspective)
vol_2_bitcoin_regulation.pdf - Published Version
Available under License None.
Download (920kB)

Abstract

Arguments for regulating Bitcoin are built mainly on the technologically disruptive nature of the currency and its susceptibility to facilitating financial crimes on a scale larger than financial institutions. This paper questions this notion and proposes instead that the disruptive nature of Bitcoin is not technological but legal. The legal disruption requires a legislative response aimed at ensuring suitable regulation that can circumvent the identity crises in Bitcoin transactions.