Cryptoterrorism

Assessing the Utility of Blockchain Technologies for Terrorist Enterprise

Bibliographic Data

ID12407542
AuthorsChristopher Whyte (0000-0003-4522-465X, Virginia Commonwealth University, corresponding author)
Year2019
Volume46
Issue7
Pages1126-1149
Publication date2019-01-02
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueStudies in Conflict and Terrorism (JOURNAL)
Journal identifiersISSN: 1057-610X • E-ISSN: 1521-0731
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/1057610x.2018.1531565
OpenAlexW2908377561
LanguageEN
Citations received7

Much recent policy discourse has pivoted on the relationship between terrorist campaigns and an emergent feature of the global financial landscape in the form of cryptocurrencies. Cryptocurrencies are a subset of digital currencies that are distributed by the developers thereof. The various unique features of cryptocurrencies have led to discussion in punditry about how terrorists could benefit from this new mode of financial transaction but few policy-oriented works and scholarly assessments exist to outline and assess this claim. This article describes cryptocurrencies, and assesses them in line with the operational realities of terrorist campaigns. I argue that, while there is limited evidence that terrorists are likely to disproportionately benefit from use of cryptocurrencies at present, there do exist unique opportunities for money laundering and revenue generation

Business · Commerce · Computer security · Cryptocurrency · Database transaction · Digital currency · Money Laundering · Payment · Political science · Revenue · Terrorism · Blockchain Technology Applications and Security · Computer Science · Crime, Illicit Activities, and Governance · Law · Finance

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