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The terrorists get away from Crypto, the argument of criminal money is no longer relevant.

The terrorists get away from Crypto, the argument of criminal money is no longer relevant.

Foreign terrorist groups such as Isis and Al-Qaeda have repeatedly tried to raise money to fund their criminal activities using encryption, according to a statement made today at a hearing of the House Financial Services Committee.

The Director of the Center for Sanctions and Illegal Funding Analysis of the Foundation for the Defense of Democracies, Yaya Fanusie, today stated that foreign terrorist organizations (FTOs) failed after having repeatedly tried to fund their criminal activities by cryptocurrencies such as bitcoin and Ethereum.

The expert in illegal financial transactions pointed to an example of a failed online campaign in 2016, in which only two total contributions were made to the Mujahideen Shura Council (MSC) in Iraq. The two transactions amounted to only about $ 500.

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