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Cybercrimes via Virtual Currencies in International Business

Cybercrimes via Virtual Currencies in International Business
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Author(s): Dincer Atli (Pennsylvania State University, USA & Uskudar University, Turkey)
Copyright: 2019
Pages: 18
Source title: Digital Currency: Breakthroughs in Research and Practice
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-5225-6201-6.ch007

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Abstract

This chapter is willing to shed some light on virtual currencies (VCs) and cybercrimes in International Business. In recent years, Cybercrime is a major concern for the global community. Besides, virtual currency (VC) has made a transformational impact on purchasing habits on a global scale. The advantages VC provides and the difficulty to control it cause the problem of the possibility of committing cybercrimes in the virtual environment. The freedom of VCs provides and the difficulties in controlling it facilitate the realization of crimes like money laundering and finance of terrorism in the virtual environment. Our research demonstrates the structural and legal status of VCs, the different regulations in various countries and the cybercrimes committed via VCs.

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