Chapter 22 resources for the Cyberlaw book
By John Bandler
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Chapter 22 Virtual currency and money laundering
Chapter 22 addresses virtual currency, cryptocurrency, and money laundering. We are within Part 4 that deals with criminal cyberlaw, and most cybercrime is for profit, successful cybercriminals need to pay and receive funds, and need to launder their profits. Virtual currency and cryptocurrency will play a role in that. Consider anti-money laundering regulations and investor protection also.
Virtual currency and cryptocurrency regulation and enforcement has been around for a while. Consider how regulation and enforcement has been diminished, arguably gutted, since 2025.
Don't forget Chapter 19, regarding the Western Express cybercrime case, one of the first criminal prosecutions relating to cybercrime virtual currency money laundering.
Chapter references, resources, and additional reading
- Chapter 22 resources, https://johnbandler.com/cyberlawbook-resources-ch22/ (this page)
- Virtual Currency (including cryptocurrency, virtual assets..), https://johnbandler.com/virtual-currency-virtual-assets-cryptocurrency/
- Virtual Currency References, https://johnbandler.com/virtual-currency-references/
- Money Laundering, https://johnbandler.com/money-laundering/
- Money Mule, https://johnbandler.com/money-mule/
- A Brief History of Virtual Currency and Value, https://johnbandler.com/history-of-virtual-currency/
- Video: A Brief History of Virtual Currency and Value (and Cryptocurrency) (25 minutes), https://youtu.be/AP5Xm6vhZ-0
- Cryptocurrency past is prologue: before and after FTX, https://johnbandler.com/cryptocurrency-past-is-prologue-before-and-after-ftx/ (Reuters article). Direct access to the PDF file: https://johnbandler.com/wp-content/uploads/2023/01/Bandler-ReutersLN-Cryptocurrency-Past-Prologue-2023-01-17.pdf
- John Bandler, Money Laundering Investigations, article in the Encyclopedia of Security and Emergency Management (Springer) (August 2018) (DOI 10.1007/978-3-319-69891-5_26-1)
- Prior book: Cybercrime Investigations, Chapter 15 Financial Investigation: Following the Cybercrime Money
- New FinCEN Guidance Affirms Its Longstanding Regulatory Framework for Virtual Currencies (May 9, 2019), www.fincen.gov/news/news-releases/new-fincen-guidance-affirms-its-longstanding-regulatory-framework-virtual
- See John Bandler, Lawyers, Drugs and Money: AML in Popular Media, ACAMS Today, Vol 17, No. 2 (March 20, 2018), www.acamstoday.org/lawyers-drugs-and-money-aml-in-popular-media
- John Bandler, Dirty Digital Dollars, Fraud Magazine, a publication of the ACFE, https://johnbandler.com/dirty-digital-dollars/
- Law in popular media, https://johnbandler.com/law-in-popular-media/ (see the Breaking Bad and The Wire money laundering clips I link to)
- My section/lecture on "A brief history of virtual currency and value" is a nod to Stephen Hawking’s 1998 book, A Brief History of Time.
Chapter questions
- Name two of the earliest virtual currencies
- What was the first cryptocurrency?
- How is cryptocurrency a type of virtual currency?
- How is cryptocurrency a type of virtual asset?
- What year was Egold created?
- What year was Webmoney created?
- What year was Bitcoin created?
- How is virtual currency (including cryptocurrency) both similar to what we have had before, and different? (compare, contrast, analogize, distinguish)
- How is cryptocurrency (such as Bitcoin) similar to virtual currencies that existed before, how is it different?
- What current cryptocurrencies are truly “decentralized” in terms of how they are managed and governed? If a cryptocurrency has ownership and leadership, can it truly be called “decentralized” in terms of management and governance?
- “Value that substitutes for currency” has been around since about ___________
Links and information
- The book: Cyberlaw: Law for Digital Spaces and Information Systems, by John Bandler
- Cyberlaw Book Resources (main resources page)
- Cyberlaw book FAQ
- Cyberlaw main book page
- Amazon - John's Author page
- Udemy online course on cyberlaw
(other online courses too) - Services
This page is hosted at https://johnbandler.com/cyberlawbook-resources-ch22, copyright John Bandler, all rights reserved.
Originally posted 11/21/2024. Updated 03/07/2026.