The path to regulating cryptocurrencies in the European Union and in the Republic of Lithuania
Abstract
Money laundering is regarded as being among the most serious types of financial crime,
harming economy and affecting society. Along with constantly developing technological
advancements, the scale of money laundering offences has also been pushed to new
heights. The existing legal framework's works towards reducing the loopholes posed by current
financial instruments, however those with a desire to engage in illicit activities continue to
devise new strategies, creating new, possibly unforeseen threats to financial integrity.
The focus of this thesis is to comprehend and analyze the European Union's Anti-Money
laundering regulatory framework towards mitigating the risks of money laundering though
cryptocurrencies and reduce the regulatory scope by looking at the regulatory framework of
one of the European Union's member states - the Republic of Lithuania.