Brussels Attacks Put Bitcoin Under Scanner, But Fiat Cash Rules the Terror
March 22nd’s morning saw an attack on Brussels, Belgium killing at least 34 people. Will virtual currencies be increasingly under the scanner as a result? Will terrorist attacks destroy the virtual currency? Frequent attacks on Europe seem to be an unfortunate reality, given that the attack on Brussels Airport and the Maalbeek Subway Station came just four months after the Paris attacks on November 13, 2015. Terrorism is now a global phenomenon with global connotations. These type of terrorist attacks mean that terror financing is a deep concern of security agencies, governments and the....
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Brussels Terror Attacks Revive Terrorism-Crypto Connection, Fueling European Push To Control Bitcoin
This week’s terror attacks in Brussels has caused French Interior Minister Bernard Cazeneuve to cite the darknet as a terrorist tool and call for measures to improve intelligence expertise in technologies terrorists use, according to a French ministry website. Because cryptocurrency is used for darknet transactions, efforts to control the darknet could fuel government efforts to control cryptocurrencies in Europe. Cazeneuve told The National Assembly that terrorists use the darknet. He made his remarks in the context of a wide-ranging discussion about what the government must do to....
Bitcoin had never been the source of funding for terrorist organizations like ISIL. They may have few bitcoin, but they have a lot of fiat currency and gold. While Bitcoin has a number of great uses, it can still be potentially misused. The very fact that the bitcoin can be misused has led to a lot of speculations about the digital currency followed by ill-informed, unsubstantiated paranoid remarks about its use to fund terror organizations and money laundering. The number of terrorist attacks across the world has been increasing lately. In most of these terrorist attacks, especially the....
Triggered by the Paris and Brussels attacks, the proposed EU directive seeks to introduce stricter rules on the use of virtual currencies and prepaid cards. How will this affect Bitcoin and digital payments in general? CoinTelegraph spoke to Siân Jones, Founder of European Digital Currency and Blockchain Technology Forum, about the proposal and its possible outcomes. Anti-Money Laundering Directive. As Siân Jones told us, EU officials had been working on the new law since February, talking with virtual currency and prepaid card stakeholders and others, to draft the proposed new directive....
The Chamber of Digital Commerce (CDC), based in Washington, D. C., has urged the Group of Seven (G7) nations not to enact virtual currency regulations that will stifle innovation in seeking to prevent future terror attacks like the one in Paris last week. The CDC is concerned that the G7 countries want to restrict virtual currencies because they suspect Islamic State terrorists used and continue to use bitcoin. Stifling digital currency innovation would be counterproductive for law enforcement, according to the CDC. It claims the block chain offers law enforcement an important tool for....
In response to the tragic terror attacks in France, intelligence agencies have launched another campaign against strong encryption, such as the type that tech companies use to create secure end-to-end communication services. Intelligence agencies are attempting to blame the encryption as an enabler for extremists to plan and follow through with terror attacks. After recent attempts to stifle encryption failed, it seems like this is an opportune time to rebuild their attacks on encryption due to this tragedy. In a strategy found in a leaked email sent by the intelligence community’s top....