Unveiling cryptocurrency’s role in facilitating organized crime.pptx

presentation

1. Unveiling cryptocurrency’s role in facilitating organized crime and terrorism financing. - Subhradeep saha & Aditya raj

2. Table of contents.

3. Introduction of digital currency and blockchain technology. Digital currency . Crypto currency or digital currency can be defined as a digital unit of exchange that is not backed by a governmental body or a government issued legal tender. Virtual currencies can be entirely within a virtual economy or can even be used in lieu of a government issued currency to purchase goods and services in the real economy. Block chain technology. Block chain contains every transaction ever processed, allowing the user’s device to verify the authenticity of each and every transaction. The said authenticity is protected by digital signatures which allows the users to have total and absolute control over sending digital currencies. Serving as mediums for value storage and exchange, cryptocurrencies hinge on blockchain technology, a form of public ledger.

4. Organized crime and terrorism: A symbiotic relationship. Narco-terrorism . Human trafficking and kidnapping for ransom. Money laundering.