Abstract
This note addresses the current issues with the law and digital currencies, federal agencies’ current classifications of cryptocurrencies, problems with those classifications, and solutions to better regulate, classify, and prosecute virtual-currency crimes. The history of digital currencies, the history of criminal activity involving money, and how the creation and widespread use of cryptocurrencies has allowed criminals to find new ways to hide money that make it difficult for law enforcement to catch will be discussed. The article analyzes current and past cases involving different courts’ interpretations and prosecution of cryptocurrencies and concludes by offering solutions to the potential issues of the current “solutions” to crypto crimes and why those solutions seem problematic.
Recommended Citation
Connolly, Madeline
(2022)
"Cryptocurrency Concerns, Crimes, and Legal Consequences,"
Akron Law Review: Vol. 55:
Iss.
3, Article 3.
Available at:
https://ideaexchange.uakron.edu/akronlawreview/vol55/iss3/3