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Bitcoin and other cryptocurrency as an instrument of crime in cyberspace

Author

Listed:
  • Dominik Stroukal

    (University of Finance and Administration, Prague)

  • Barbora Nedv?dová

    (University of Economics, Prague)

Abstract

Bitcoin and other cryptocurrencies transformed the trade in illegal goods, especially drugs. Thanks to them in conjunction with other anonymization tools could arise dark markets, illegal marketplaces in cyberspace. Despite active intervention by the authorities, their number and quantity of goods on offer is growing significantly. Besides, we observed a tendency to change the structure of the drug market. This article is next to the description of the operation of dark markets based on identified trends and look to the future of how will dark markets look like. . . . . . . . . . . . .

Suggested Citation

  • Dominik Stroukal & Barbora Nedv?dová, 2016. "Bitcoin and other cryptocurrency as an instrument of crime in cyberspace," Proceedings of Business and Management Conferences 4407036, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:ibmpro:4407036
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    File URL: https://iises.net/proceedings/4th-business-management-conference-istanbul/table-of-content/detail?cid=44&iid=018&rid=7036
    File Function: First version, 2016
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    More about this item

    Keywords

    Bitcoin; cryptocurrency; cyberspace; cybercrime; dark web; deep web;
    All these keywords.

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