Cryptocurrency Analysis and News Portal
The Wall Street Journal (WSJ) has partially corrected an article whic mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies.The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” — cited blockchain forensics firm Elliptic to
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"On this committee, we have a unique role to play, working to understand the financing behind Hamas’s attacks, so we can work to cut off funding for terrorism at its source ... and we will examine multiple terrorist funding streams, including cryptocurrency, and consider additional measures to stop the flow
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The Economic Crime and Corporate Transparency Bill covers a range of criminal activities from drug trafficking to cybercrime and is expected to get the King’s approval on Thursday that will put into force. Provisions in the bill give broader powers to local cops, and would let them seize crypto with
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Senator Elizabeth Warren was the lead author of a letter signed by 28 other senators and 76 members of the House of Representatives about the role of cryptocurrency in financing terrorism. Signers came from both parties and included one independent, although Democrats predominate.The letter, dated Oct. 17, was addressed to
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Warren has been advocating for her legislation meant to target money laundering and sanctions abuses in crypto, which is co-sponsored by Marshall. The bill, which crypto lobbyists have argued would pose significant threats to the industry in the U.S., hasn't yet found any traction at the committee level so remains
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Tether, the world’s largest stablecoin company, has reaffirmed its commitment to combating cryptocurrency-funded terrorism and warfare by collaborating with law enforcement agencies
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"Tether remains committed to promoting responsible blockchain technology use and standing as a robust defense against cybercrime,” said newly-appointed Tether CEO Paolo Ardoino. “We eagerly anticipate continued collaboration with global law enforcement agencies as part of our commitment to global security and financial integrity.” Source
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The U.K.'s Economic Crime and Corporate Transparency Bill, which will help law-enforcement agencies seize and freeze crypto used for crime, took a step closer to entering the statute book after being passed by Parliament’s upper chamber on Tuesday. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Israeli authorities have confiscated approximately 190 Binance accounts believed to be affiliated with terrorist organizations, prompting concerns over the cryptocurrency exchange’s anti-money laundering measures. This crackdown could have significant implications for the crypto market. Since 2021, Israeli
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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
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