Cryptocurrencies as a Threat to US Homeland Security Interests

The use of cryptocurrencies in transnational criminal activities has grown in recent years. The scholarly literature on cryptocurrencies recognizes this trend. Yet, there has been comparatively little attention paid to the degree to which cryptocurrencies pose a direct threat to U.S. homeland security interests. This article fills a gap in the scholarly literature on cryptocurrencies by presenting evidence that cryptocurrencies are a threat to U.S. homeland security interests, specifically because of their uses for financing terrorism, enabling human and drug trafficking, and evading international financial sanctions.