Rogue Money and the Underground Economy
An Encyclopedia of Alternative and Cryptocurrencies
by John C. Edmunds, Editor
February 2020, 215pp, 6 1/8x9 1/4
1 volume, Greenwood

Hardcover: 978-1-4408-6455-1
$69, £54, 60€, A95
eBook Available: 978-1-4408-6456-8
Please contact your preferred eBook vendor for pricing.

As of late 2017, an estimated 1,300 different “cyber” currencies were available for purchase by investors, but a single one—Bitcoin—accounted for more than half of the value of all cybercurrencies.

This easy-to-use guide covers the history, development, and current workings of cybercurrencies and the underground economy, both in the United States and around the world.

The world of cybercurrency has experienced explosive growth in recent years, but that expansion has been accompanied by numerous controversies and misunderstandings about what it is, how it works, and how it relates to the underground economy and illegal activities such as money laundering, tax evasion, and human trafficking.

Many illegal or malicious activities are paid for with cyber currencies. This book covers those applications. But cyber currencies also have many legitimate, constructive applications, all of which are explained in Rogue Money in clear, plain English, without embellishment or exaggeration.

An authoritative and thought-provoking reference for readers seeking a greater understanding of all aspects of alternative cybercurrencies, this encyclopedia includes entries on economic history, international trade, current controversies, and its impact on the wider underground economy. It peels back the layers of jargon and obfuscation, giving each topic individual attention to show how it works and contributes to the whole.


  • Features approximately 175 entries on cybercurrencies and the underground economy
  • Provides background on how major underground economic activities work to put cybercurrencies in context
  • Discusses the benefits and drawbacks of the increased role of cybercurrencies in today's underground economy
  • Includes an appendix of illuminating primary documents, providing insights into key historical developments
John C. Edmunds is professor of finance at Babson College. He holds a DBA in international business from Harvard Business School, an MBA in finance and quantitative methods with honors from Boston University, and an MA in economics from Northeastern University. His primary research interests are international finance, capital markets, cybercurrencies, and emerging markets. He is author of more than 300 articles and cases published in academic and practitioner journals, as well as three books: The Wealthy World, Wealth by Association, and Brave New Wealthy World.
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