Edyta Żyła-Kania
Published: 2023 | DOI: 10.58183/pjps.01032023
Abstract
Given the dynamic development of new technologies, it is becoming necessary to improve the system of counteracting and combating the financing of terrorism. In particular, this concerns virtual currencies. The use of them by the criminal world is encouraged by decentralisation of that market, anonymity of users and broad opportunities for functioning on the darknet, which is frequently beyond control of any services. In February 2020, the value of the cryptocurrency market was estimated at US$300 billion. In Poland, the first legal regulations on counteracting the financing of terrorism with the use of virtual currencies were adopted as late as in 2018, and under the 2021 amendment the legislator introduced several other regulations relating to that area.
How to cite
Żyła-Kania E., Use of Virtual Currencies for Financing Terrorism, „Polish Journal of Political Science”, 2023, Vol. 9, Issue 1, pp. 32–45, DOI: 10.58183/pjps.01032023.