Applying Lessons from Combatting Conflict Diamonds to Legitimize Cryptocurrencies

In a blog post for the FIU Law Review, Litigation Attorney Andrew Balthazor compares the challenges that cryptocurrencies are facing with black-market coin to those that the diamond industry faced with conflict diamonds. Mr. Balthazor discusses the Kimberley Process that was implemented to be rid of the illegitimate supply of diamonds and notes that a similar process could be implemented within the blockchain technology underpinning cryptocurrencies to flag illegitimate transactions.

READ: Applying Lessons from Combatting Conflict Diamonds to Legitimize Cryptocurrencies