Bitcoin regulation? Imperfect knowledge of identities and the money laundering risk: A West African perspective
Egbiri, Egbiri Ifegwu
Azinge, Nkechikwu Valerie
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Arguments for regulating Bitcoin are built mainly on the technologically disruptive nature of the currency and its susceptibility to facilitating financial crimes on a scale larger than financial institutions. This paper questions this notion and proposes instead that the disruptive nature of Bitcoin is not technological but legal. The legal disruption requires a legislative response aimed at ensuring suitable regulation that can circumvent the identity crises in Bitcoin transactions.