Sanctions, Financial Regulation, and Crypto in Latin America

Authors

Camilla Oliva, Benjamin N. Cardozo School of Law

Abstract

The note examines the intersection of corruption, financial regulation, and cryptocurrency in Latin America, arguing that U.S. sanctions and the lack of effective financial regulation have inadvertently enabled corruption in the region. It explores how cryptocurrencies, while offering potential solutions to financial instability, are also exploited by corrupt actors and governments to circumvent sanctions and regulatory frameworks. The analysis highlights the dual role of cryptocurrencies as both a tool for financial inclusion and a means of evading accountability, particularly in countries like Venezuela and El Salvador.

Disciplines

Banking and Finance Law | Comparative and Foreign Law | International Law | Law | Law and Economics

Recommended Citation

Camilla Oliva, Sanctions, Financial Regulation, and Crypto in Latin America, 6 Cardozo Int’l & Compar. L. Rev. 253 (2022).
Available at: https://larc.cardozo.yu.edu/ciclr/vol6/iss1/7