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Article

Cryptocurrencies and Fraudulent Transactions: Risks, Practices, and Legislation for Their Prevention in Europe and Spain

1
Department of Economics, Catholic University of Ávila, Canteros St., 05005 Ávila, Spain
2
Independent Researcher, 05005 Ávila, Spain
3
DEKIS Research Group, Department of Economics, Catholic University of Ávila, Canteros St., 05005 Ávila, Spain
*
Authors to whom correspondence should be addressed.
Laws 2021, 10(3), 57; https://doi.org/10.3390/laws10030057
Received: 11 June 2021 / Revised: 6 July 2021 / Accepted: 6 July 2021 / Published: 9 July 2021
(This article belongs to the Special Issue Legal-Economic Issues of Digital & Collaborative Economy)
Cryptocurrencies have been developing very rapidly in recent years, and their use is becoming more and more widespread in different areas. The use of digital currencies for legal uses is advancing along with technological development, but, at the same time, criminal activities are also emerging to take advantage of this boom. The aim of this paper has been, first, to analyze the various ways in which individuals and criminal organizations have taken advantage of the phenomenon of cryptocurrencies to carry out fraudulent activities such as laundering money of illicit origin and, second, to provide an overview of the legal tools that have been developed in this regard in Europe and, more specifically, in Spain to combat these activities. Undoubtedly, cryptocurrencies bring great benefits to the economy, but it is also necessary to know the risks and abuses that have been developed to prevent them. View Full-Text
Keywords: cryptocurrencies; crypto-crime; crypto-legislation; risks; fraud practices; prevention; risk reduction cryptocurrencies; crypto-crime; crypto-legislation; risks; fraud practices; prevention; risk reduction
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MDPI and ACS Style

Sanz-Bas, D.; del Rosal, C.; Náñez Alonso, S.L.; Echarte Fernández, M.Á. Cryptocurrencies and Fraudulent Transactions: Risks, Practices, and Legislation for Their Prevention in Europe and Spain. Laws 2021, 10, 57. https://doi.org/10.3390/laws10030057

AMA Style

Sanz-Bas D, del Rosal C, Náñez Alonso SL, Echarte Fernández MÁ. Cryptocurrencies and Fraudulent Transactions: Risks, Practices, and Legislation for Their Prevention in Europe and Spain. Laws. 2021; 10(3):57. https://doi.org/10.3390/laws10030057

Chicago/Turabian Style

Sanz-Bas, David, Carlos del Rosal, Sergio L. Náñez Alonso, and Miguel Á. Echarte Fernández. 2021. "Cryptocurrencies and Fraudulent Transactions: Risks, Practices, and Legislation for Their Prevention in Europe and Spain" Laws 10, no. 3: 57. https://doi.org/10.3390/laws10030057

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