• Login
    View Item 
    •   SU+ Home
    • Research and Publications
    • Strathmore Law School (SLS)
    • SLS Projects, Theses and Dissertations
    • LLB Research Projects (2021)
    • View Item
    •   SU+ Home
    • Research and Publications
    • Strathmore Law School (SLS)
    • SLS Projects, Theses and Dissertations
    • LLB Research Projects (2021)
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Non-regulation of virtual currencies: The chink in the anti-corruption armour

    Thumbnail
    View/Open
    Non-regulation of virtual currencies the chink in the anti-corruption armour.pdf (516.2Kb)
    Date
    2021
    Author
    Kimani, Anthony Ndichu
    Metadata
    Show full item record
    Abstract
    For a long time and with little success, Kenya has battled the vice that is corruption and misappropriation of public funds. Presently, with the emergence and continuous growth of digital currencies also known as virtual or cryptocurrencies, the scales are threatening to tip and not in any way to Kenya’s favour. This paper demystifies virtual currencies in particular Bitcoin and attempts to identify ways in which loopholes in the law that might lead to the fight against corruption to be lost may be sealed. This project analyses the laws presently available locally to fight money laundering in comparison to other jurisdictions and the steps they have taken to try and stay ahead of the curve. In terms of methodology, this project is doctrinal in nature. There is reliance on statute, caselaw, books, journals, reports, newspapers, and internet resources which have been reviewed and analysed to provide the information used in the study. The major finding in the paper is that most jurisdictions are opting to attempt to regulate cryptocurrencies in as far as the role it plays in money laundering is concerned. Another finding is that in all these states, regulation takes place at the exchange level where bitcoins are exchanged for regular fiat currency. The conclusion was then drawn that Kenya can do the same to capitalize on Bitcoin’s promising influence and curb money laundering.
    URI
    http://hdl.handle.net/11071/12482
    Collections
    • LLB Research Projects (2021) [100]

    DSpace software copyright © 2002-2016  DuraSpace
    Contact Us | Send Feedback
    Theme by 
    Atmire NV
     

     

    Browse

    All of SU+Communities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    Login

    DSpace software copyright © 2002-2016  DuraSpace
    Contact Us | Send Feedback
    Theme by 
    Atmire NV