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Risks to the National Security Generated By the Widespread Use of Cryptocurrency


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The pronounced multi-domain technologicalization specific to the last decades has had a significant impact on all areas of activity, including the financial one. The use of cyberspace to facilitate the actions undertaken in the monetary activity has generated the development of this field to the point where virtual currencies have been created and new technologies have been developed to support their use. Like any emerging domain, the cryptocurrency field and the related technology are in a relatively early stage and exclusively imply operating in cyberspace, thus generating security risks in the event of the involvement of malicious entities in illicit activities. In this context, it is worth analyzing how the improper use of the crypto domain can lead to various risks to national security.