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Nation State Involvement In Cryptocurrency And The Impact To Economic Sanctions, Thomas Clautice
Nation State Involvement In Cryptocurrency And The Impact To Economic Sanctions, Thomas Clautice
Economic Crime Forensics Capstones
With all the terms and evolving definitions of distributed ledger technology, blockchain, cryptocurrency, and digital currency, it is no wonder they have caused disruption and confusion to the current state of economic sanctions. Sanctioned individuals and countries may actively seek to evade the regulatory oversight of transactions that are completed in the United States dollar using cryptocurrency. The United States and the United Nations have used economic sanctions as a tool of encouragement, and punishment, for decades in the traditional banking and financial services space. Cryptocurrency has not easily fallen under this regulatory environment due to its decentralized nature, and …