Bitcoin Challenges

Abstract

Financial transparency is a growingglobal trend, especially in the United States. However, virtual currencies, such as Bitcoin, are moving away from greater customer identification and toward less transparency. Large differences exist between how virtual currency enthusiasts view decentralized currency and how regulatory agencies view Bitcoin. The decentralized virtual currency platform presents a challenge for money laundering investigations. In a competing US financial market, Bitcoin faces many well-funded existing bank products and tough competition from banks. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.