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.
Adam Todd, CEO at Digitex Futures Exchange, reveals that the exchange will completely take down all KYC as of April 2020 in response to earlier data leakage.
Crypto Exchange Digitex Removes KYC to Protect User Data
The oil industry is facing some big challenges, and experts think blockchain could be the solution.
Blockchain Use Gains Momentum in Oil Industry for Being Safer, Cheaper and Cleaner
Cryptocurrency darknet proves to be resilient in a new report, yet over 99% of cryptocurrency transactions are legal.
Crypto Crime Doubled in 2019, but Still Under 1% of Transactions
Deribit, a crypto futures and options exchange moving from the Netherlands to Panama to avoid new E.U. regulations, has clarified its new AML policy.
Deribit Releases Specifics of New KYC Policy Following Move to Panama
Britain’s tax agency is inviting contract applications for a tech tool to help combat crypto tax evasion.
Britain’s Tax Agency Offering Contract for Tech to Combat Crypto Tax Evasion
A militant group with ties to the Iranian regime and Hamas — the de facto ruling authority of the Gaza Strip in Palestine — is allegedly upping its Bitcoin fund...
Report: Hamas, Iran-Tied Militants Intensify Bitcoin Fundraising Action
A new study by Chainalysis finds that terrorists are refining their financing operations using cryptocurrency.
Chainalysis Finds Terrorists Are Refining Crypto Financing Operations