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Bitcoin: Perils of an Unregulated Global P2P Currency

Lookup NU author(s): Dr Taha Ali, Dr Dylan Clarke, Patrick McCorry


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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.

Publication metadata

Author(s): Ali ST, Clarke D, McCorry P

Publication type: Conference Proceedings (inc. Abstract)

Publication status: Published

Conference Name: 23rd International Workshop on Security Protocols XXIII

Year of Conference: 2015

Pages: 283-293

Print publication date: 01/01/2015

Online publication date: 25/11/2015

Acceptance date: 01/01/1900

ISSN: 0302-9743

Publisher: Springer International Publishing


DOI: 10.1007/978-3-319-26096-9_29

Library holdings: Search Newcastle University Library for this item

Series Title: Lecture Notes in Computer Science

ISBN: 9783319260952