Cryptocurrency Based Terror Financing On The Dark Web: Legal And Regulatory Challenges
- IJLLR Journal
- 4 hours ago
- 1 min read
Kaviya R, LLM (CBCS), School of Excellence in Law, The Tamil Nadu Dr. Ambedkar Law University, Chennai
ABSTRACT
The rise of cryptocurrency and the dark web has changed the methods of terrorist financing and creating new challenges to the regulatory and legislative framework that prevails. Cryptocurrency allows quick, seamless, and anonymous transactions, whereas dark web ensures safe and anonymous channels for communications as well as other criminal activities. This technology has enabled a decentralized funding system that remains beyond the reach of traditional monitoring measures. This paper examines the emerging connection between cryptocurrency and the issue of terrorist financing, which includes a detailed analysis of the techniques employed by terrorist organizations, including online solicitation of funds, transaction laundering, using privacy coins, and trading at dark web markets. Further, the paper aims to study the legal aspects from both global and Indian perspectives. Moreover, the study highlights several issues related to the topic of law and regulation, which include anonymity, jurisdiction issues, technology issues, and the absence of universal standards on the global level. The paper also discusses the impact on national security with regard to the emergence of decentralized terrorist organizations and lone-wolf terrorism. Finally, it suggests reforms involving stronger legal frameworks, improved international cooperation, and the use of advanced technological tools to address these challenges effectively.
Keywords: Cryptocurrency, Dark Web, Terror Financing, Blockchain Technology, Anonymity, Virtual Assets, National Security
