TY - UNPB
T1 - Digital currencies
T2 - An analysis of its present regulation in the UK: A collaborative essay by NINSO, the Northumbria Internet & Society Research Interest Group
AU - Allsopp, Rachel
AU - Noto La Diega, Guido
AU - Onitiu, Daria
AU - Rasiah, Samantha
AU - Thanaraj, Ann
PY - 2019/6/26
Y1 - 2019/6/26
N2 - Digital currencies, whilst being an innovative payment method, poses several regulatory challenges in light of the possibilities to be used for a criminal purpose. This collaborative essay illustrates a brief report, which intends to provide for a general outlook on the UK’s effort in understanding the risks digital currencies pose to financial crime, money laundering, terrorist financing and cybercrime. This premise paves the way for ensuring the balance between protection of essential interests and innovation, most notably, in ensuring the implementation of the 5th Money Laundering Directive.The present contribution is prepared by the Northumbria Internet & Society Research Interest Group (NINSO). The NINSO group is multidisciplinary research group that shares research interests on technology and its significance in law, computer-science, social sciences, and engineering. Being interested in a holistic outlook of technological developments, it frequently organises seminars that aim to strengthen both, collaborations and the quality of academic research in this area.
AB - Digital currencies, whilst being an innovative payment method, poses several regulatory challenges in light of the possibilities to be used for a criminal purpose. This collaborative essay illustrates a brief report, which intends to provide for a general outlook on the UK’s effort in understanding the risks digital currencies pose to financial crime, money laundering, terrorist financing and cybercrime. This premise paves the way for ensuring the balance between protection of essential interests and innovation, most notably, in ensuring the implementation of the 5th Money Laundering Directive.The present contribution is prepared by the Northumbria Internet & Society Research Interest Group (NINSO). The NINSO group is multidisciplinary research group that shares research interests on technology and its significance in law, computer-science, social sciences, and engineering. Being interested in a holistic outlook of technological developments, it frequently organises seminars that aim to strengthen both, collaborations and the quality of academic research in this area.
KW - digital currencies
KW - security
KW - United Kingdom
U2 - 10.2139/ssrn.3406653
DO - 10.2139/ssrn.3406653
M3 - Working paper
BT - Digital currencies
ER -