Cash, crime, and cryptocurrencies

【Author】 Hendrickson, Joshua R.; Luther, William J.

【Source】QUARTERLY REVIEW OF ECONOMICS AND FINANCE

【影响因子】4.324

【Abstract】In The Curse of Cash, Kenneth Rogoff lists reductions in criminal activity and tax evasion among the primary benefits of eliminating cash. We maintain that, to the extent that individuals are interested in purchasing illicit goods and services or evading taxes, eliminating cash will encourage them to switch to close substitutes. Hence, governments intent on realizing the benefits cited by Rogoff would not merely need to eliminate cash. They would also need to ban alternatives. This is especially relevant given the proliferation of cryptocurrencies, which provide a fair degree of anonymity for users. (C) 2021 Board of Trustees of the University of Illinois. Published by Elsevier Inc. All rights reserved.

【Keywords】Bitcoin; Cash; Crime; Criminal activity; Cryptocurrency; Currency; Money; Money matching; Political economy; Tax; Taxation; Tax evasion

【发表时间】2022 AUG

【收录时间】2022-10-28

【文献类型】观点阐述

【主题类别】

区块链治理-市场治理-欺诈犯罪