Last week, the U.S. Department of Justice seized nearly two million dollars worth of cryptocurrency assets from three U.S.-designated Foreign Terrorist Organizations—al-Qaeda, ISIS, and Hamas. The operation, which represents the largest seizure of...
Register Now: Webinar On Regulating Cryptocurrencies To Mitigate Risks Of Misuse For Terrorism Financing
The discussion concerning the risk of cryptocurrencies being misused for the financing of terrorism and other nefarious purposes has intensified over the last years. Both the Financial Action Task Force (FATF) as well as the European Union have been...
Cryptocurrencies as a decentralized value transfer and storage mechanism are one of the most important current innovations in the financial industry. Their technical structure allows individuals and entities to quickly, efficiently, and globally...
The use of privacy-focused cryptocurrency by the extreme right is a cause of concern for governments, transnational institutions, and those who oppose the growth of violent white supremacist extremism. The privacy coin Monero has the potential to...
"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."
Extremists: Their Words. Their Actions.
On February 26, 2015, a Boko Haram suicide bomber detonated his explosives near a market in Biu, Nigeria, killing 19 people and injuring 20 others. A second attempted-suicide bomber was caught and beaten by a crowd before he was able to carry out his attack.
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