Key Takeaways
This paper examines the relationship between cryptocurrency and illicit finance, challenging prevalent misconceptions about their role in criminal behavior through four key findings backed by data and case studies:
- Misinformation about blockchain technology spreads rapidly and persistently, often outpacing factual understanding of its capabilities and limitations.
- There is no fundamental difference between traditional financial crime and cryptocurrency-enabled crime–criminals have simply added digital assets to their existing toolkits.
- Contrary to popular perception, blockchains are not opaque but rather provide unprecedented transparency, enabling groundbreaking successes in tracking and preventing illicit finance.
- While autocratic regimes do exploit cryptocurrency, their methods reveal more about their behavioral patterns than any inherent vulnerability in the technology.