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- Title
DECIPHERING CRYPTOCURRENCY: SHINING A LIGHT ON THE DEEP DARK WEB.
- Authors
DIPIERO, CARMINE
- Abstract
Government agencies have been slow to adapt to evolving technologies and the increasing use of decentralized, digital currencies for illegal acts. Virtual black markets are spawning rapidly, and just as one gets taken down dozens more appear in its place. Current regulations and methods of law enforcement are outdated and must be reformed and recalibrated in order to keep up with the innovative techniques of virtual black-market administrators and anonymous users. Despite the urgency of such reform, it must be accomplished while maintaining fundamental privacy rights and avoiding inhibiting mw technologies. This Note explains how users are able to abuse digital currencies, such as bitcoin, for illegal purposes and analyzes the current methods used to catch these users. It then argues for a reformation of law-enforcement and legislative efforts so that resources may be focused efficiently on addressing the issue.
- Subjects
ELECTRONIC money laws; NEW York Telephone Co.; UNITED States. Digital Millennium Copyright Act; ACTIONS &; defenses (Law)
- Publication
University of Illinois Law Review, 2017, Vol 2017, Issue 3, p1267
- ISSN
0276-9948
- Publication type
Article