One of the biggest threats of our time is terrorism. This plague upon the modern world comes in many shapes and forms. Crypto terrorism is something relatively new and it’s something which should be looked at very seriously.
Some people believe that governments and government agencies are funding terrorist organizations around the globe. Whether or not you share these believes is not important. These organizations are enemies of humanity and whatever a person’s views on the government are, the main priority should be wiping them off the face of the Earth. Stopping them from acquiring funds is something, which any anti or pro government citizen should focus on.
According to the official press release of the United States House of Representatives Financial Services Committee on September 7th, the United States Congress Subcommittee on Terrorism and Illicit Finance has discussed terrorism funding via cryptocurrencies.
The hearing considered major means of fund transfers by terrorists, including traditional financial institutions. This also included semi-formal methods like the hawala exchange system and crypto terrorism.
Crypto terrorism is highly valued, but fortunately not successful in terrorist organizations
The meeting concluded that ISIS and Al-Qaeda in particular had major aspirations towards fundraising via crypto. Their attempts however, were largely unsuccessful.
According to Yaya Fanusie, the director of analysis for the Foundation for Defense of Demcracies (FDD), jihadists don’t have access to crypto. The majority of ISIS fighters live on battlefields, which offer no real chance to use cryptocurrencies and fiat is largely preferred. He also pointed out that anonymity is highly valued when it comes to funding terrorism. This is why fiat is the most popular and anonymous means of funding.
Fanusie also mentioned that there have been multiple examples of crypto funding campaigns to no avail. He emphasized on the importance of United States government bodies, which are responsible for finance investigation to be better prepared when it comes to crypto transactions. This will further eliminate the potential success of terrorist crypto funding campaigns.
This is not the first bill this year, which was aimed at crypto terrorism. On January 10th, Rep. Tedd Budd (R-NC) of the House Financial Services Committee introduced a bill aiming to fight terrorism via rewards. The bill proposed that any information, which will lead to convictions of crypto or crypto-supported terrorism, should be rewarded.
You can also check out:

Raven Protocol Completes its IDO on Binance DEX, Raven Price Shoots
Monday June 17, 2019

Coinspeaker Raven Protocol Completes its IDO on Binance DEX, Raven Price ShootsAs we recently reported, Raven Protocol was preparing to conduct the very first IDO (Initial DEX Offering). Today, the IDO has ended and Raven Protocol (RAVEN) is listed on Binance DEX in pair with Binance Coin (BNB). All participants had to pass a KYC […]

The post Raven Protocol Completes its IDO on Binance DEX, Raven Price Shoots appeared first on 12bit trade.

The Federal Reserve on Cryptocurrency
The Future of Financial Crime and Money Laundering
India Blockchain Platform to Help Establish India’s First Blockchain District
These Crypto Giants Chose Progress Over Profit

Luke Perry’s Last ‘Riverdale’ Scene Airs This Week
Wednesday April 24, 2019

var pref_event_title_prefix = ‘AOL’; “Riverdale” Cast Mourns The Loss Of Luke Perry In early March, the hit CW show “Riverdale” lost their beloved cast member Luke Perry. Perry was in critical condition after having a stroke and later died at the age of 52. The moment “Riverdale” star have been dreading is coming soon, the

The post Luke Perry’s Last ‘Riverdale’ Scene Airs This Week appeared first on W88.

The post Crypto Terrorism: Stopping Cryptocurrency for Terrorist Groups appeared first on CoinStaker | Bitcoin News.

John Wall Trade: Wizards All Star Bradley Beal Is ‘Frustrated’ Says NBA Insider
Saturday December 15, 2018

With the news this evening that the Washington Wizards are in advanced talks on a deal to acquire Phoenix forward, Trevor Ariza, here’s the million dollar question: Is John Wall or Bradley Beal leaving our nation’s capital as a member of the Washington Wizards.  The Washington Wizards are in advanced talks on a deal to […]

The post John Wall Trade: Wizards All Star Bradley Beal Is ‘Frustrated’ Says NBA Insider appeared first on 12bet - Bet365.