The U.S. House of Representatives has passed a bill that would establish a task force to combat terrorist use of cryptocurrencies.
Terrorism News
Terrorism is a term that is used to describe acts of violence in order to create fear within large masses of people to achieve some political, religious, financial or ideological purpose. Terrorism is performed both in the domestic territories of terrorists and on the international level. Terrorism is funded for a variety of reasons. Sometimes, terrorism is funded to destabilize the political situation in a country for some geopolitical reason by other countries. Terrorism is also funded by protection racketing, kidnapping for ransom, fraud and robbery. Sympathizers of terrorism often use cryptocurrency and Bitcoin, in particular, to cover any traces of funding. Bitcoin terrorism financing is an important issue for many governments and is a major issue in regard to Bitcoin regulation policies. Although the scale of terrorism financing via Bitcoin may be exaggerated, some authorities see it as too risky to remain inactive.
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- News
A recent report from the U.S. Foundation for Defence of Democracies has revealed that crypto is not well-suited for financing terrorism.
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by Helen Partz
Cryptocurrency is a “poor form of money” for most terrorists, says director of analysis at U.S. think tank FDD’s CSIF Yaya Fanusie.
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by Helen Partz
Risk management giant LexisNexis has partnered with Australian crypto exchange Blockbid to provide more secure know your customer and anti-money laundering meas...
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New US bill calls for the creation of a task force to reward people with information that leads to arrests in cases of cryptocurrency-funded terrorism.
- Big Brother
Are governments trying to use cryptocurrencies as another reason to spy on us?
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by Joseph Young
Europe tightened controls on the inflow of cash and precious metals from outside of the EU, granting permission to border patrols to seize cash or gold brought ...
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by Iyke Aru
Despite Europol’s statement that anonymous currencies are hardly used by terrorists, the European Commission will propose stricter rules on encryption and payme...
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