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.
U.S. Treasury’s former key undersecretary, Sigal Mandelker, has joined the board of advisors of major crypto analytics firm, Chainalysis.
Trump’s Former Sanctions Chief Joins Major Crypto Firm Chainalysis
A news website for the jihadist movement associated with ISIS has adopted Monero donations after having taken donations in Bitcoin for three years.
ISIS-Affiliated News Website to Collect Donations with Monero
Telegram’s digital resistance in Russia will contribute to further anti-censorship efforts in countries like China and Iran, Pavel Durov says.
Telegram CEO Says Global Resistance to Tech Bans Is ‘Just Getting Started’
Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media has officially lifted the ban on Telegram.
Russia Officially Lifts Its Two-Year Telegram Ban
The Philippine Institute for Peace, Violence and Terrorism Research has been tracking transactions made by local terror groups.
Researchers in Philippines Track Crypto Use By Terrorists
Blockchain forensics firm Chainalysis has debunked several high-profile stories about the use of crypto to fund terror groups.
No, ISIS Does Not Have $300M in a Bitcoin ‘War Chest’
A man who enforced anti-money laundering under two U.S. presidents has been named the CEO of the Libra Association.
Obama's Under Secretary for Terrorism Appointed CEO of Libra