[Translated from German] “Experts are irritated by this approach. 'It is hardly possible that a family built up a criminal organization alone over the years and operated,' says Alexander Ritzmann, who is at the think tank Counter-Extremism Project right-wing extremist criminal structures deals. 'I think it has to give a network: Because money laundering plays a role in drug  trafficking always a role. One must restaurants, fitness centers or run other businesses to do that to launder drug money. One can don't just take that to the bank.'“

"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."

"Some analysts have suggested that jihadist financing flourished because South African authorities grew complacent at the lack of visible Islamist activity.

'I don't think South Africa realised it. It was the Americans who said, 'something not okay is going on in your country,"' Hans-Jakob Schindler, director of the Counter-Extremism Project think-tank, told AFP.

'The entire government is now put to task,' he said."

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."

"Dr. Hans-Jakob Schindler, the Senior Director of the Counter Extremism Project (CEP), spoke with EER on this episode of the podcast about the use of cryptocurrency and related technologies by terrorists and other malign actors."

"European Eye on Radicalization (EER) was pleased to host a joint event with the Counter Extremism Project (CEP) recently about how Western states have handled domestic extremists and terrorists, the far-Right and Islamists."