1 / 12

Money Laundering and Bitcoin | Mao Lal

Mao Lal komt uit Berlijn, Duitsland en hij is een grote investeerder in Bitcoins. Mao Lal denkt er altijd aan om succesvol te zijn in het leven.<br>

maolal
Download Presentation

Money Laundering and Bitcoin | Mao Lal

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Money Laundering and Bitcoin Mao Lal

  2. Agenda Introduction Defining Bitcoin Defining Blockchains Fraud and Bitcoins Money Laundering and Bitcoins The Application Conclusion Bibliography ? ? ? ? ? ? ? ?

  3. Defining Bitcoins Bitcoins is a currency that was put into circulation online in 2009. The inventor of Bitcoin goes by the alias of Satoshi Nakamoto, where he posted his paper on the crypto- currency concept on www.metzdowd.com in October 2008 ? ? ? Image from www.bitcoin.org

  4. Defining Bitcoins Advantages of Bitcoins: ? No middle man/bank/financial institute Anonymous Distributed Decentralized from any local currency or government Secure Easy/Simple ? ? ? ? ? ? Image from WeUseCoins.com

  5. Defining Bitcoins

  6. Defining Blockchains Each Blockchain contains: The hash of a transaction Timestamp Nonce Hash of the previous record Hash of the current chain ? ? ? ? ? ?

  7. Defining Blockchains How does it work? ? Image from Financial Times

  8. Fraud and Bitcoin Due to the implementation of the distributed ledger, fraud is extremely difficult An attacker will need to manipulate all the ledgers on the network to successfully change an entry ? ? Image from bravenewcoin.com

  9. Fraud and Bitcoin Image from Elliptic.co

  10. Fraud and Bitcoin

  11. Money Laundering and Bitcoin The act of money laundering is when profits from illegal activities are made to appear legitimate by running them through a legitimate business ? Image from dreamstime.com

  12. Thank You

More Related