The Influence of Cryptocurrency on International Relations and Sanctions

Abstract

This study is focused on the analysis and impact of cryptocurrencies on international relations and illicit activities along with the lawmakers' approach towards illicit activists and crimes that have picked up since the creation of Cryptocurrencies. The massive growth of cryptocurrencies can be noticed by seeing ATMs, wallet users, and businesses accepting Cryptocurrency. While this new technology is being developed, various authorities have been forced to set regulations, given the expansive growth of Cryptocurrency over the years. There are multiple terminologies used to describe Cryptocurrency from one jurisdiction to another.