"The Counter Extremism Project, a think tank, tracked the trend in a new report, Cryptocurrencies and Financing of Terrorism: Threat Assessment and Regulatory Challenges, launched in a webinar on Monday.

CEP director Hans-Jakob Schindler, who formerly worked in the UN’s security council monitoring unit for ISIS and Al Qaeda, told The National the authorities have been searching for the group’s missing war chest since 2017 and it is feared it may have been converted into digital currency to be used at a later date."