INTERNATIONAL MONEY LAUNDERING TRENDS IN THE CRYPTOCURRENCY MARKET

Cryptocurrencies are specific financial instruments that work based on blockchain technology and are currently used by an increasing number of people as a means of payment and investment. By analysing the positions of official institutions in the field of cryptocurrencies, as well as the opinion...

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Bibliographic Details
Main Authors: Ivan LUCHIAN, Angela FILIP
Format: Article
Language:English
Published: Academy of the Economic Studies of Moldova 2024-09-01
Series:Economica
Subjects:
Online Access:https://irek.ase.md/xmlui/bitstream/handle/123456789/3652/ECONOMICA%20nr%203%202024_p69-78.pdf?sequence=1&isAllowed=y
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Summary:Cryptocurrencies are specific financial instruments that work based on blockchain technology and are currently used by an increasing number of people as a means of payment and investment. By analysing the positions of official institutions in the field of cryptocurrencies, as well as the opinions of experts in financial information technologies, a complex view of the issue has been developed. heir anonymity and the support infrastructure make them attractive to international criminal activities, especially for laundering illicit financial flows through various scams. Different methods are used for this. To combat this phenomenon in different countries, combative measures have been taken. At the same time, an important opportunity has become the improvement of the regulatory framework at the national and international level of activity on the crypto- currency market.
ISSN:1810-9136