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Lookup NU author(s): Dr Taha Ali, Dr Dylan Clarke, Patrick McCorry
Bitcoin has, since 2009, become an increasingly popular online currency, in large part because it resists regulation and provides anonymity. We discuss how Bitcoin has become both a highly useful tool for criminals and a lucrative target for crime, and argue that this arises from the same essential ideological and design choices that have driven Bitcoin's success to date. In this paper, we survey the landscape of Bitcoin-related crime, such as dark markets and bitcoin theft, and speculate about possible future possibilities, including tax evasion and money laundering.
Author(s): Ali T, Clarke D, McCorry P
Publication type: Report
Publication status: Published
Series Title: School of Computing Science Technical Report Series
Year: 2015
Pages: 14
Print publication date: 01/05/2015
Report Number: 1470
Institution: School of Computing Science, University of Newcastle upon Tyne
Place Published: Newcastle upon Tyne
URL: http://www.cs.ncl.ac.uk/publications/trs/papers/1470.pdf
