Purpose

The purpose of this paper is to demonstrate how cryptocurrencies are used to launder money and how solutions from Liechtenstein’s novel blockchain legislation could be used to tackle the issue.

Design/methodology/approach

Within the scope of the literature review, the characteristics of cryptocurrencies and how these characteristics facilitate money laundering are discussed. To investigate concrete methods that money launderers use, a qualitative study with 10 presumed money launderers and 18 prevention experts was conducted. The results were subsequently tested quantitatively. Thereafter, the novel Liechtenstein blockchain act is discussed and it is detailed how the legislation could contribute to the establishment of an international standard in blockchain regulation.

Findings

Money launderers continue to abuse cryptocurrencies such as Bitcoin as vehicles for financial crime. The Liechtenstein Blockchain Act could serve as a benchmark for regulators around the world aiming to solve the issue.

Research limitations/implications

Current anti-money laundering regulations are rather ineffective when it comes to cryptocurrencies.

Practical implications

The findings of this paper illustrate that new and innovative means for combating money laundering are needed. In particular, this paper provides insights into cryptocurrency crime and Liechtenstein’s response for legislators, law enforcement, compliance officers and regulatory authorities.

Originality/value

Liechtenstein’s blockchain act, as a potential remedy to money laundering, has thus far not received international attention.

中文翻译：

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通过加密货币洗钱–列支敦士登的潜在解决方案

目的

本文的目的是演示如何使用加密货币洗钱以及如何使用列支敦士登新的区块链立法中的解决方案来解决该问题。

设计/方法/方法

在文献综述的范围内，讨论了加密货币的特征以及这些特征如何促进洗钱。为了调查洗钱者使用的具体方法，对10名假定的洗钱者和18名预防专家进行了定性研究。随后对结果进行定量测试。此后，讨论了新颖的列支敦士登区块链法案，并详细介绍了立法如何有助于建立区块链监管国际标准。

发现

洗钱者继续滥用诸如比特币之类的加密货币作为金融犯罪的工具。列支敦士登《区块链法》可以作为旨在解决该问题的全球监管机构的基准。

研究局限/意义

当涉及加密货币时，当前的反洗钱法规相当无效。

实际影响

本文的研究结果表明，需要新的和创新的手段来打击洗钱。特别是，本文提供了有关加密货币犯罪的见解，以及列支敦士登对立法者，执法人员，合规官和监管机构的回应。

创意/价值

列支敦士登的区块链法案作为洗钱的一种潜在手段，迄今为止尚未引起国际关注。