Research on Three types of Economic Crimes under Blockchain Technology and Countermeasures

DOI

10.2991/978-94-6463-459-4_93How to use a DOI?

Keywords

Blockchain crime; big data; virtual currency; criminal law risk

Abstract

Currently, technology is thriving, and blockchain technology, as an emerging technology, is flourishing, demonstrating an extremely important position in the field of computer innovation. Various industries, especially the finance industry, are currently more closely integrated with blockchain technology, showing a trend towards “blockchain + “ development, and are being applied in more occasions and links. But everything has two sides. The characteristics of blockchain technology reflect the necessity and possibility of its application in the field of finance, but on the other hand, the loopholes and drawbacks caused by its characteristics also lay hidden dangers for illegal risks in blockchain financial activities. Many criminals use blockchain technology to rampant criminal behavior. Using virtual currency to carry out online pyramid schemes; Illegal fundraising through absorbing research and development investment and issuing virtual currency; Fraud under the guise of blockchain technology; Spread ransomware to claim Bitcoin and disrupt computer information systems; Using Bitcoin for cross-border currency evasion, concealing illegal assets, and so on. However, there is still a lack of regulatory and specialized laws and regulations in relevant departments in China, and there are still loopholes in network technology. We should improve and enhance it at the technical level and improve it at the regulatory system level.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yiqun Yao
AU  - Jiaxuan Zhang
AU  - Wenqi Jing
PY  - 2024
DA  - 2024/07/23
TI  - Research on Three types of Economic Crimes under Blockchain Technology and Countermeasures
BT  - Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024)
PB  - Atlantis Press
SP  - 835
EP  - 850
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-459-4_93
DO  - 10.2991/978-94-6463-459-4_93
ID  - Yao2024
ER  -