cryptocurrencies

Monero and the Extreme Right: A Developing Problem

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...

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"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."

Date
June 23, 2023
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"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."

Date
June 21, 2023
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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."

Date
April 11, 2023
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Daily Dose

Extremists: Their Words. Their Actions.

Fact:

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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