Hamas has used millions of dollars in cryptocurrency to fund their activities, including the acquisition of weapons used in the terrorist attack on Israel last week, according to reports.
“I think criminals have kind of figured this out from an early stage, and it’s why we’ve seen a proliferation in terms of supporting illicit finance,” Elaine Dezenski, senior director of the Center on Economic and Financial Power at the Foundation for Defense of Democracies told FOX Business.
“It’s not just what we see with terrorist groups — there are lots of examples of that — but it’s also how it’s being used for facilitating narcotics, for any kind of illicit finance that you can possibly imagine,” she said.
“This is sort of, again, the irony of it,” she added. “It’s being used and co-opted by criminals more quickly than regulators can get a handle on what these challenges are and how to address them.”
PROJECT DYNAMO WORKING TO GET AMERICANS OUT OF ISRAEL AMID WAR AGAINST HAMAS
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