As technology improves and economies become more globalized, the concept of currency has evolved. Bitcoin, a cryptographic digital currency, has been embraced as a secure and convenient type of money. Due to its security and privacy for the user, Bitcoin is a good tool for conducting criminal trades. The Financial Crimes Enforcement Network (FinCEN) has regulations in place to make identification information of Bitcoin purchasers accessible to law enforcement, but enforcing these rules with cash-for-Bitcoin traders is difficult. This study surveyed cash-for-Bitcoin vendors in Oklahoma, Texas, Arkansas, Missouri, Kansas, Colorado, and New Mexico to determine personal demographic information, knowledge of and compliance with FinCEN regulations, and opinions regarding government control of currency and willingness to work with law enforcement among vendors.
About the Libertarian party. Retrieved from https://www.lp.org/about/
Cusumano, M. A. (2014). The Bitcoin ecosystem: speculating on how the Bitcoin economy might evolve. Communications of the ACM, 57 (10), 22-24. doi : 10.1145/2661047
Dostov, V. & Shust, P. (2014). Cryptocurrencies: an unconventional challenge to the AML/CFT regulators?. Journal of Financial Crime, 21 (3), 249-263. doi : 10.1108/JFC-06-2013-0043
Excellent privacy. Retrieved from https://bitcoin.org/en/bitcoin-core/features/privacy
Extance, A. (2015). Bitcoin and beyond. Nature, 526 (7571), 21-23. doi : 10.1038/526021a
Financial Crimes Enforcement Network. (Nov. 19, 2013). Statement of Jennifer Shasky Calvery, Director Financial Crimes Enforcement Network United States Department of the Treasury: Before the United States Senate Committee on Banking, Housing, and Urban Affairs, Subcommittee on National Security and International Trade and Finance, Subcommittee on Economic Policy. Retrieved from https://www.fincen.gov/sites/default/files/2016-08/20131119.pdf
Kirby, P. (2014). Virtually possible: how to strengthen Bitcoin regulation within the current regulatory framework. North Carolina Law Review, 93 (198), 1-32. retrieved from www.lexisnexis.com/hottopics/lnacademic
Maras, M. H. (2014). Inside Darknet: the takedown of Silk Road. Centre for Crime and Justice Studies, 98, 22-23. doi : 10.1080/09627251.2014.984541
Maurer, B., Nelms, T. C., & Swartz, L. (2013). “When perhaps the real problem is money itself!”: the practical materiality of Bitcoin. Social Semiotics, 23 (2), 261-277. http://dx.doi.org/10.1080/10350330.2013.777594
Phelps, A. & Watt, A. (2014). I shop online - recreationally! Internet anonymity and Silk Road enabling drug use in Australia. Digital Investigation, 11, 261-272. http://dx.doi.org/10.1016/j.diin.2014.08.001
Robberson, S. J. (2017). A bit like cash: understanding cash for bitcoin transactions through individual vendors (Masters thesis). Retrieved from ProQuest Dissertations and Theses. (10607702)
Singh, K. (2015). The new wild west: preventing money laundering in the Bitcoin network. Northwestern Journal of Technology and Intellectual Property, 37, 1-39. Retrieved from www.lexisnexis.com/hottopics/lnacademic
Tor: ‘the king of high-secure, low-latency anonymity’ (2013, Oct. 4). Retrieved from http://www.theguardian.com/world/interactive/2013/oct/04/tor-high-secure-internet-anonymity
Wenker, N. (2014). Online currencies, real-world chaos: the struggle to regulate the rise of Bitcoin. Texas Review of Law and Politics, 19 (1), 145-197. Retrieved from www.lexisnexis.com/hottopics/lnacademic
Robberson, Stephanie J. and McCoy, Mark R.
"A Bit Like Cash: Understanding Cash-For-Bitcoin Transactions Through Individual Vendors,"
Journal of Digital Forensics, Security and Law: Vol. 13
, Article 5.
Available at: https://commons.erau.edu/jdfsl/vol13/iss2/5
Banking and Finance Law Commons, Computer Law Commons, Criminology Commons, Criminology and Criminal Justice Commons, Information Security Commons, Law and Economics Commons, Other Economics Commons, Social and Cultural Anthropology Commons