Abstract:

In a modern world that is step by step moving towards the full digitalization of the economy, the most recent and controversial breakthrough is represented by the cryptocurrency. The purpose of this paper is to clarify the concept, creation and use of cryptocurrencies, in order to identify the opportunities they create in the system of money laundering. Anonymity associated with the use of this digital asset prevents proper monitoring of cryptocurrency transactions and this issue needs to be addressed in the legislation to combat money laundering and terrorist financing. Only by means of global cooperation the legislative system governing the use of cryptocurrencies as a payment method could be unified