Darken markets of Crypto Currency

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                                    Image result for black market ot cryptocurrency



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-        Crypto currency is also used in controversial settings in the form of online black markets, such as Silk Road.
-        The original Silk Road was shut down in October 2013 and there have been two more versions in use since then.
-        The current version is Silk Road 3.0.
-        The successful format of Silk Road has been widely used in online dark markets, which has led to a subsequent decentralization of the online dark market.
-        In the year following the initial shutdown of Silk Road, the number of prominent dark markets increased from four to twelve, while the amount of drug listings increased from 18,000 to 32,000.
-        Darknet markets present growing challenges in regard to legality.
-        Bitcoins and other forms of crypto currency used in dark markets are not clearly or legally classified in almost all parts of the world.
-        In the U.S., bitcoins are labelled as "virtual assets".
-        This type of ambiguous classification puts mounting pressure on law enforcement agencies around the world to adapt to the shifting drug trade of dark markets.
-        Since most darknet markets run through Tor, they can be found with relative ease on public domains.
-        This means that their addresses can be found, as well as customer reviews and open forums pertaining to the drugs being sold on the market, all without incriminating any form of user. 
-        This kind of anonymity enables users on both sides of dark markets to escape the reaches of law enforcement.
-        The result is that law enforcement adheres to a campaign of singling out individual markets and drug dealers to cut down supply. However, dealers and suppliers are able to stay one step ahead of law enforcement, who cannot keep up with the rapidly expanding and anonymous marketplaces of dark markets.

  ·         Economics

-        Crypto currencies are used primarily outside existing banking and governmental institutions, and exchanged over the Internet. While these alternative, decentralized modes of exchange are in the early stages of development, they have the unique potential to challenge existing systems of currency and payments.
-        As of June 2017 total market capitalization of crypto currencies is bigger than 100 billion USD and record high daily volume is larger than 6 billion USD.

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