UNITED NATIONS OFFICE ON DRUGS AND CRIME (UNODC):
AGENDA: TACKLING CRYPTOCURRENCY ORGANISED CRIME.
Cryptocurrency has been a major influence on the online world. The powers of blockchain and encryption have allowed people to reassess many of the freedoms that were taken away from the internet as time went on. Consequently, it has also shown us why those regulations were necessary. Crypto-currency allows payments on the drug market, terrorist cell funding, and bribery, all with complete anonymity. There’s almost no practical risk of your activity being traced back to you. This secure, anonymous, and encrypted network brings into question how much influence governments can have over the use of such tools. Today, we face the consequences of this freedom. Being able to rid crimes of any incriminating evidence means that the State cannot exert its influence. To stop the rise of crypto-currency related crime we need to be able to counter the untraceable funding they receive. Presenting the United Nations Office on Drugs and Crime.