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Exploring the use of Zcash cryptocurrency for illicit or criminal purposes
- Format:
- Book
- Author/Creator:
- Silfversten, Erik
- Language:
- English
- Place of Publication:
- Santa Monica, Calif. RAND Corporation 2020
- Summary:
- Cryptocurrencies have been recognised as a promising financial innovation, offering security and privacy benefits for users. While these digital currencies are mostly used for legitimate purposes, they could also be exploited for criminal or illicit activities. However, there is currently a lack of understanding regarding if and how cryptocurrencies are actually used for illicit or criminal purposes. To balance the potential risks of novel cryptocurrencies with their benefits, more evidence is needed in this area. To help inform public debate and decision making on this issue, RAND Europe explored the uses of cryptocurrencies for illicit or criminal purposes, focusing on Zcash. Commissioned by the Electric Coin Company, who developed and maintain Zcash, this study offers new insights for law enforcement professionals, policymakers, regulators and others interested in cryptocurrencies.
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