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Regulating Bitcoin to Mitigate Risks of Illicit Financing
how Bitcoin's trading system could potentially simplify the process for organizing and financing illegal activities worldwide. This concern has prompted some countries to restrict the use of digital currencies like Bitcoin. To address these challenges, the establishment of a central...

The Dark Side of Bitcoin: Illegal Activities and the Enduring Role of Traditional Currencies
how the simplicity and accessibility of Bitcoin have contributed to its use in funding illegal activities on a global scale, leading to concerns that anyone holding Bitcoin could potentially face accusations of involvement in such crimes. We also recognize that...

The Risks and Challenges of Unregulated Digital Currency: Bitcoin's Vulnerability to Cybercrime
how Bitcoin operates outside the control of any central financial authority, bypassing the traditional banking system and official oversight. However, this also makes Bitcoin susceptible to cyberattacks and theft, as it exists as digital numbers stored in online wallets with...

The Impact of Bitcoin's Volatility on Global Labor Costs
the challenges Bitcoin's steadily increasing value poses for global transactional demands and labor costs. While the rising price of Bitcoin may seem appealing, it also leads to a substantial reduction in the nominal value of assets worldwide and the need...

The Impracticality of Bitcoin as the Global Currency
the hypothesis that Bitcoin will become the currency of the future for the entire world. While Bitcoin has numerous advantages, I believe this possibility is impractical and impossible for several reasons. Central banks around the world are likely to resist...

Bitcoin's Potential as a Global Reserve Currency and the Challenges It Faces
how countries around the world have allowed individuals to open bank accounts in Bitcoin, and how banks have resumed their traditional role of converting deposits into loans and creating new deposits or money through the lending process. This has led...