The Significance of Bitcoin for State Power

Much has been said about the problematic implications of cybercurrencies like Bitcoin for contemporary security environments. After all, they provide unsupervised conduits for the cross-border circulation of money in ways that can conceal the identities of those responsible. Needless to say, such advantage can be useful for the various financial operations of malicious nonstate actors, such as transnational criminal organizations, terrorist networks, insurgent militias, hacktivists, and even separatist forces.

 

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