Cryptocurrency or usury? Crime and alternative money laundering techniques

The article presents a novel dynamic setting to compare old—usury—and new— cryptocurrency—money laundering techniques and uses it for calibration to shed light on their relative role as an efective device for the criminal organizations to clean their illegal revenues. The specialness of the usury contract depends on its role in laundering illegal revenues originating from criminal activities and it is independent from the interest rate level, while the cryptocurrency money laundering is associated with an initial coin ofering tool. The calibration compares the leverage efect on the overall capital owned by the criminal organizations triggered by the two money laundering techniques