Research: How to Combat Money Laundering Through Cryptocurrency?
A recent article in the Journal of Cybersecurity suggests that governments should target cryptocurrencies, especially privacy-preserving ones, to combat money laundering.
- Methods: 51% attacks, price suppression, and Sybil attacks.
- Goal: Undermine user trust in blockchains.
However, the authors urge that these methods be used only as a last resort, after other measures such as sanctions and blacklists have been exhausted.
Recent rumors of Monero (XMR) price manipulation have fueled interest in these methods.
🤔 Question: Is this a fight against crime or an attempt to increase control?
Source: Untraceable.