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Keywords: Shadow economy
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Journal Articles
When Bitcoin is high: cryptocurrency value, illicit markets and US marijuana bills
Available to Purchase
Journal of Financial Regulation and Compliance (2024) 32 (4): 501–515.
Published: 28 June 2024
... to have a negative albeit small impact on Bitcoin value. This suggests decriminalisation enhances shadow economy use value of Bitcoin, whereas recreational and medical legalisation are not consistently reducing illicit drug cryptomarket activity. The effects are robust to various estimation windows...
