IDEAS home Printed from https://ideas.repec.org/a/rfh/jprjor/v8y2022i3p289-302.html
   My bibliography  Save this article

Crimes Related to Cryptocurrency and Regulations to Combat Crypto Crimes

Author

Listed:
  • Naheeda Ali

    (Assistant professor, Department of Law, University of the Punjab, Gujranwala Campus, Gujranwala, Pakistan)

Abstract

In recent years, cryptocurrencies' economic application and speculative value have soared. Cryptocurrency is being used as a means of trade, even in Pakistan. The government does not legalize it, but it is traded like many other states. Globally it causes fraudulent investment schemes. Cryptocurrencies are speculative, as the dot-com boom of the 1990s. Even though these organizations lacked a product, business plan, and profit potential, the stock market was eager to invest heavily in internet-related companies. A few years later, a dot-com catastrophe ended an era of unjustified and speculative online firms. The gold rush occurred much earlier. In the 1800s, people worldwide sought their fortune in the U.S., Canada, and Australia. They rapidly understood that mining a significant gold stake was dangerous and unlikely to succeed. In 2021, cryptocurrencies will become the dominant form of money. 2021 was the landmark year. Bitcoin became the new gold rush and caused online fraud, known as cryptocurrency fraud. We will examine cryptocurrency, crimes, laws, and regulations to combat crypto crimes.

Suggested Citation

  • Naheeda Ali, 2022. "Crimes Related to Cryptocurrency and Regulations to Combat Crypto Crimes," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(3), pages 289-302, September.
  • Handle: RePEc:rfh:jprjor:v:8:y:2022:i:3:p:289-302
    as

    Download full text from publisher

    File URL: https://jprpk.com/index.php/jpr/article/view/87/137
    Download Restriction: no

    File URL: https://jprpk.com/index.php/jpr/article/view/87
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bellavitis, Cristiano & Fisch, Christian & Wiklund, Johan, 2021. "A comprehensive review of the global development of initial coin offerings (ICOs) and their regulation," Journal of Business Venturing Insights, Elsevier, vol. 15(C).
    2. Dennis Desmond & Paul Salmon & David Lacey, 2021. "Functional systems within cryptolaundering processes: a work domain analysis model of cryptolaundering activities," Journal of Cyber Policy, Taylor & Francis Journals, vol. 6(2), pages 155-176, May.
    3. Dimpfl, Thomas & Peter, Franziska J., 2021. "Nothing but noise? Price discovery across cryptocurrency exchanges," Journal of Financial Markets, Elsevier, vol. 54(C).
    4. Rognone, Lavinia & Hyde, Stuart & Zhang, S. Sarah, 2020. "News sentiment in the cryptocurrency market: An empirical comparison with Forex," International Review of Financial Analysis, Elsevier, vol. 69(C).
    5. Marcin Wk{a}torek & Stanis{l}aw Dro.zd.z & Jaros{l}aw Kwapie'n & Ludovico Minati & Pawe{l} O'swik{e}cimka & Marek Stanuszek, 2020. "Multiscale characteristics of the emerging global cryptocurrency market," Papers 2010.15403, arXiv.org, revised Mar 2021.
    6. John “Jack” Castonguay & Sean Stein Smith, 2020. "Digital Assets and Blockchain: Hackable, Fraudulent, or Just Misunderstood?†," Accounting Perspectives, John Wiley & Sons, vol. 19(4), pages 363-387, December.
    7. Byeongtae Ahn, 2022. "Implementation and Early Adoption of an Ethereum-Based Electronic Voting System for the Prevention of Fraudulent Voting," Sustainability, MDPI, vol. 14(5), pages 1-16, March.
    8. Simon Mackenzie, 2022. "Criminology Towards the Metaverse: Cryptocurrency Scams, Grey Economy and the Technosocial," The British Journal of Criminology, Centre for Crime and Justice Studies, vol. 62(6), pages 1537-1552.
    9. Nikolaos A. Kyriazis, 2021. "A Survey on Volatility Fluctuations in the Decentralized Cryptocurrency Financial Assets," JRFM, MDPI, vol. 14(7), pages 1-46, June.
    10. Corbet, Shaen & Lucey, Brian & Urquhart, Andrew & Yarovaya, Larisa, 2019. "Cryptocurrencies as a financial asset: A systematic analysis," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 182-199.
    11. David Sanz-Bas & Carlos del Rosal & Sergio Luis Náñez Alonso & Miguel Ángel Echarte Fernández, 2021. "Cryptocurrencies and Fraudulent Transactions: Risks, Practices, and Legislation for Their Prevention in Europe and Spain," Laws, MDPI, vol. 10(3), pages 1-20, July.
    12. Yukun Liu & Aleh Tsyvinski & Xi Wu, 2022. "Common Risk Factors in Cryptocurrency," Journal of Finance, American Finance Association, vol. 77(2), pages 1133-1177, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cynthia Weiyi Cai & Rui Xue & Bi Zhou, 2023. "Cryptocurrency puzzles: a comprehensive review and re-introduction," Journal of Accounting Literature, Emerald Group Publishing Limited, vol. 46(1), pages 26-50, June.
    2. Dunbar, Kwamie & Owusu-Amoako, Johnson, 2022. "Cryptocurrency returns under empirical asset pricing," International Review of Financial Analysis, Elsevier, vol. 82(C).
    3. Khaki, Audil & Prasad, Mason & Al-Mohamad, Somar & Bakry, Walid & Vo, Xuan Vinh, 2023. "Re-evaluating portfolio diversification and design using cryptocurrencies: Are decentralized cryptocurrencies enough?," Research in International Business and Finance, Elsevier, vol. 64(C).
    4. Manahov, Viktor & Urquhart, Andrew, 2021. "The efficiency of Bitcoin: A strongly typed genetic programming approach to smart electronic Bitcoin markets," International Review of Financial Analysis, Elsevier, vol. 73(C).
    5. Zhang, Pengcheng & Xu, Kunpeng & Qi, Jiayin, 2023. "The impact of regulation on cryptocurrency market volatility in the context of the COVID-19 pandemic — evidence from China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 222-246.
    6. Dunbar, Kwamie & Owusu-Amoako, Johnson, 2023. "Predictability of crypto returns: The impact of trading behavior," Journal of Behavioral and Experimental Finance, Elsevier, vol. 39(C).
    7. Şoiman, Florentina & Dumas, Jean-Guillaume & Jimenez-Garces, Sonia, 2023. "What drives DeFi market returns?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 85(C).
    8. Cevik, Emrah Ismail & Gunay, Samet & Zafar, Muhammad Wasif & Destek, Mehmet Akif & Bugan, Mehmet Fatih & Tuna, Fatih, 2022. "The impact of digital finance on the natural resource market: Evidence from DeFi, oil, and gold," Resources Policy, Elsevier, vol. 79(C).
    9. Huynh, Nhan & Phan, Hoa, 2023. "Emotions in the crypto market: Do photos really speak?," Finance Research Letters, Elsevier, vol. 55(PB).
    10. Zhang, Xu & Naeem, Muhammad Abubakr & Du, Yuting & Rauf, Abdul, 2024. "Examining the bidirectional ripple effects in the NFT markets: Risky center or hedging center?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 41(C).
    11. Iqbal, Najaf & Fareed, Zeeshan & Wan, Guangcai & Shahzad, Farrukh, 2021. "Asymmetric nexus between COVID-19 outbreak in the world and cryptocurrency market," International Review of Financial Analysis, Elsevier, vol. 73(C).
    12. Nezir Köse & Hakan Yildirim & Emre Ünal & Boqiang Lin, 2024. "The Bitcoin price and Bitcoin price uncertainty: Evidence of Bitcoin price volatility," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 44(4), pages 673-695, April.
    13. Cao, Guangxi & Ling, Meijun, 2022. "Asymmetry and conduction direction of the interdependent structure between cryptocurrency and US dollar, renminbi, and gold markets," Chaos, Solitons & Fractals, Elsevier, vol. 155(C).
    14. Rudkin, Simon & Rudkin, Wanling & Dłotko, Paweł, 2023. "On the topology of cryptocurrency markets," International Review of Financial Analysis, Elsevier, vol. 89(C).
    15. Yu, Dejian & Pan, Tianxing, 2021. "Tracing the main path of interdisciplinary research considering citation preference: A case from blockchain domain," Journal of Informetrics, Elsevier, vol. 15(2).
    16. Hashem A. AlNemer & Besma Hkiri & Muhammed Asif Khan, 2021. "Time-Varying Nexus between Investor Sentiment and Cryptocurrency Market: New Insights from a Wavelet Coherence Framework," JRFM, MDPI, vol. 14(6), pages 1-19, June.
    17. Jaros{l}aw Kwapie'n & Marcin Wk{a}torek & Stanis{l}aw Dro.zd.z, 2021. "Cryptocurrency Market Consolidation in 2020--2021," Papers 2112.06552, arXiv.org.
    18. Sakemoto, Ryuta, 2021. "Economic Evaluation of Cryptocurrency Investment," MPRA Paper 108283, University Library of Munich, Germany.
    19. Mei-jun, Ling & Guang-xi, Cao, 2024. "Dynamics of asymmetric multifractal cross-correlations between cryptocurrencies and global stock markets: Role of gold and portfolio implications," Chaos, Solitons & Fractals, Elsevier, vol. 182(C).
    20. Farman Ullah Khan & Faridoon Khan & Parvez Ahmed Shaikh, 2023. "Forecasting returns volatility of cryptocurrency by applying various deep learning algorithms," Future Business Journal, Springer, vol. 9(1), pages 1-11, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rfh:jprjor:v:8:y:2022:i:3:p:289-302. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Muhammad Irfan Chani (email available below). General contact details of provider: https://edirc.repec.org/data/rffhlpk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.