PulseExploreJournal ClubDebatesTrendingResearchersJournals
Instagram
HomeExploreJournal ClubTrending
Synapse
⌘+K
Synapse
May 6, 2026Journal of Financial Crime1 citations

Exploring the role of cryptocurrencies in sanctions evasion: a systematic review

View Full Paper
OKOrfeas Anastasios KoidisFGFrancesco GiumelliOGOskar Josef Gstrein

Key Points

  • To systematically collect and analyze literature on cryptocurrencies and sanctions evasion, identifying gaps and implications.
  • Conducted a systematic literature review using keyword-string search across various databases.
  • Included grey literature to broaden the evidence base due to limited peer-reviewed sources.
  • Revealed a fragmented debate on the link between cryptocurrencies and sanctions evasion.
  • Identified gaps regarding the scale and mechanisms of sanctions evasion.
  • Discussed whether this issue represents a new challenge or a shift in established practices.

Abstract

Purpose There is a growing debate about the use of cryptocurrencies to evade sanctions. This paper aims to systematically collect and organize the available literature on cryptocurrencies and sanctions evasion. The aim is to map the debate, identify gaps and clarify the implications for global governance and the international order. Design/methodology/approach This research conducted a systematic literature review using a keyword-string search method across relevant databases. Due to limited peer-reviewed literature, additional “grey” literature was included to broaden the evidence base. Findings The mapping reveals a fragmented debate over a strong link between cryptocurrencies and sanctions evasion grounded in cryptocurrencies’ design features. It identifies three main gaps concerning the scale of this form of evasion, the mechanisms through which it operates, and whether it represents a novel challenge or a reconfiguration of established practices under new technical infrastructure. Further research on these issues would contribute to an enhanced understanding of sovereignty, global governance and power. Originality/value While much of the literature on cryptocurrencies and illicit finance has centred on money laundering, their role in sanctions evasion remains underexplored. To the best of the authors’ knowledge, this paper provides the first systematic consolidation of the dispersed academic and policy literature on the topic. It brings together peer-reviewed research and verified grey literature into a consolidated evidence base that can serve as a stepping stone for future debates and research on cryptocurrency-enabled sanctions evasion.

Ask AI
Helpful
Bookmark
Share
View Full Paper

Cite This Study

Koidis et al. (2026) studied this question.

synapsesocial.com/papers/69faa25e04f884e66b532f59https://doi.org/10.1108/jfc-05-2025-0130
Ask AI
Helpful
Bookmark
Share
View Full Paper