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



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.