Lacksidasical AML Efforts Help Fund Terrorist Attacks – Bitcoin Not To Blame
Contrary to popular belief, Bitcoin is not the preferred currency to fund terrorist attacks. Due to its open ledger accountability and not offering any form of anonymity whatsoever, Bitcoin transactions can easily be tracked from origin to recipient. The main threat comes from insufficient dirty money regulation, especially as far as the UK is concerned. Laundering money is a serious threat to countries all over the world. Unfortunately, there are a fair amount of countries- including the UK – who suffer from insufficient anti-money laundering scrutiny. In doing so, it is much easier to....
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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....
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 has been enjoying a smooth ride in Europe up until Friday’s Paris tragedy occurred, sending shock-waves of fear and blame all over the world. A series of coordinated terrorist attacks, including mass shootings, suicide bombings, as well as hostage-taking swept Paris, France, on Friday, taking 129 lives and injured over 350 others. The Islamic....
Yesterday, we were all heartbroken by the news of the terrorist attack on France. At least 87 were killed at the Bataclan concert hall. 18 at Boulevard de Charonne. 14 at Rue Alibert and five at Rue de la Fontaine au Roi. Ghost Security Group is an anti-terrorism group of ethical hackers who are standing in the front lines of the digital war against ISIL. Ghost Security Group started analyzing an enormous amount of data, in an attempt to track the attackers of France attacks. Luckily, I managed to interview one of the guys at Ghost Security Group and asked him a few questions about ISIL,....
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....