Bitcoin, Dogecoin, Ethereum Funding Hamas Terror? $41M Of Crypto Seized So Far Could Just Be Drop In Bucket

The United States and Israel are intensifying efforts to curtail cryptocurrency transfers to Hamas following the group’s large-scale attacks on Israel earlier this month. Coins like Bitcoin, Dogecoin, and Ethereum are often implicated as funding streams for Islamist organizations.

The use of digital currencies and crypto exchange platforms to finance Islamist extremism has come under increasing scrutiny after the Oct. 7 attacks by Hamas, France 24 reported.

On Oct. 19, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) proposed new regulations to classify “Convertible Virtual Currency Mixing” (CVC mixing) as a primary money laundering concern to…

Read more on Benzinga

17.9K Reads