"As reported by Fast Company, analysts with the Counter Extremism Project claim that they were used to seeing various radical groups requesting donations in cryptocurrencies."

"Analysts with the Counter Extremism Project were used to seeing radical groups asking for donations in crypto currencies. Everyone from neo-Nazis to ISIS sympathizers liked Bitcoin, as it helps avoid oversight from banks and regulators. But in 2020 those with the unenviable job of monitoring hate groups online saw a pro-ISIS group switch its donation preference from Bitcoin to a much smaller and lesser know currency called Monero...'About a year and a half ago this Monero thing took off, and now it’s pretty widespread,' Hans-Jakob Schindler, the senior director of the Counter Extremism Project, says."

CEP Senior Director Dr. Hans-Jakob Schindler writes: "While regulators and policymakers dither and try to decide if cryptocurrencies have a future in the economy, early adopters, including terrorists and violent extremists, are exploiting a law enforcement blind spot. The ease by which money laundering and terrorism financing take place with cryptocurrencies and the more dangerous privacy coins are becoming a security threat of our own making through bureaucratic inaction."