Crypto use an aggravating factor for sentencing: Aussie court study
Aussie Crypto Use
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Crypto use an aggravating factor for sentencing: Aussie court study
A new study has found that criminals who use cryptocurrencies to commit crimes are likely to face severe punishment in Australian courts.The study, titled Crime and Cryptocurrency in Australian Courts, published in Monash University Law Review on 18 July, found that the use of cryptocurrencies in criminal activity was seen as indicative of an increased degree of planning and sophistication, giving the court a general deterrence. Was inspired to consider purpose of punishment.
Study authors Aaron Lane and Lisane Adam found that Australian courts widely regard crypto use as a sign of "technical sophistication" and "deliberate objection". Courts must be able to differentiate between the different types of crypto transactions used by criminals, especially as the widespread adoption of digital assets continues.
Criminals who use centralized digital currency exchanges – where know-your-customer (KYC) requirements mean identities can be easily obtained – may not be treated the same way as criminals who use intentionally anonymous non-custodial wallets. use or mix services to obscure transaction data.
Cryptocurrencies and digital assets have a well established standing as being related with criminal behavior by some in the open arena, probably originating from bitcoin's underlying relationship with the famous darknet bootleg market Silk Street. The report assessed that criminal behavior represented somewhere in the range of 0.62% and 0.65% of absolute cryptographic money movement in 2020 and has since tumbled to somewhere in the range of 0.10% and 0.15% of by and large action in 2021.
Crypto use an aggravating factor for sentencing: Aussie court study. This article talks about how the courts are dealing with cryptocurrency-related cases and how they view the subject. Crypto transactions and legal processes may be subject to laws of commonwealth and territories jurisdiction, so it is best to request legal advice to protect your rights.