Will ISIS Introduce Its Own Currency?
ISIS wants to introduce its own currency and plans to bring back solid gold and silver dinar coins, the Daily Mail reports. The Middle East terror group apparently wants to introduce its own Islamic currency as part of its attempts to solidify its makeshift caliphate. Militants are said to want to bring back the original dinar, which is an ancient currency from early Islam, and religious figures in Mosul and Iraq's Nineveh province have apparently announced its return in mosques. Also read: Pro ISIS Blog Suggests Bitcoin For Terrorist Funding: Why That Won't Work. The currency, which could....
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A question was recently posed as to whether or not ISIS missed out on bitcoin. This is indeed a tough question to answer for a number of reasons. ISIS, as many saw back in November, opted to create its own currency with gold, silver and copper coins, and while it's unclear as to how ISIS plans to mint the currency, the coins are "dedicated to God," and meant to keep the group away from the "tyrant's financial system." But in light of all these claims, the question has always been there, "Is ISIS using bitcoin?" and according to a cyber-intelligence analyst from Israel, the answer is "yes."....
On November 11th, 2015, CCN reported that the Islamic State in Iraq and Syria or ISIS was preparing to launch its currency. Latest reports indicate that ISIS have gone ahead with those plans to launch their own currency. ISIS is a Sunni, unrecognized state and self-declared caliphate based in Iraq and Syria, or what is also known as the Levant. That explains why it is also known as ISIL. The word caliphate comes from the Arabic khilafa, which means succession, and its leader the Caliph would, therefore, be viewed by its followers as a successor to Muhammad. Conceptually, a caliphate....
A pro Islamic State in Iraq and Syria (ISIS) blog has released a post detailing the potential Bitcoin provides for terrorist funding. I want to emphasize that the Islamic State of Iraq and Syria (ISIS) has not proposed using Bitcoin to fund global jihadist efforts. The majority of ISIS members, the majority of Muslims, and the majority of human beings on the planet Earth have not even yet formed their first cohesive thoughts on Bitcoin. Many reports that claim that the pro-Bitcoin announcement came directly from ISIS itself have been circulating and causing fear, uncertainty, and doubt.....
The trend of Bitcoin and ISIS being related in the same story continues as Ali Shukri Amin, a high school student from Virginia, pleaded guilty Thursday for, among other things, teaching ISIS supporters how to use the popular crypto-currency Bitcoin. Ali Shukri Amin of Alexandria, Virginia, pleaded guilty Thursday in federal court to providing material support to ISIS. He faces up to 15 years in prison and is scheduled to be sentenced August 28. Accused of helping 18-year-old Reza Niknejad, who US officials believe to have joined ISIS, the 17-year-old Amin was accused of relaying messages....
According to the claims of a cyber intelligence analyst from Israel, ISIS uses the dark web and bitcoin for purposes like fundraising and recruitment. ISIS and their history with bitcoin. The recent revelation isn't actually the first time ISIS seems to be involved with bitcoin. Back in July, a blog linked to ISIS was reportedly discussing the possibility of using bitcoin to fund global jihadist efforts. This time, as reported in the Israeli newspaper Haaretz, it's estimated that global jihad activists are trying to migrate their operations to the "dark web." According to web analyst Ido....