Hashim Chaudhary, 27, from Leicester has become the first man in the UK to be charged with being a member of the terrorist organization ISIS. Chaudhary was arrested for attempting to send monetary help to his associates in Northern Syria to get many of their members free from prison. Mr. Chaudhary was arrested after a
Although cryptocurrency is still a relatively new innovation in the financial industry, its use is growing among Jihadist groups in the Middle East. A recent report by the JITM (MEMRI Jihad and Terrorism Threat Monitor) shows that funding terrorism with cryptocurrencies is on the rise. Crypto and Terror-Financing The long report prepared by JITM was
Illegal uses of Virtual currency has seen as the major concern by regulators these days and time to time wrong projection of news by major media channels leads to FUD against their usage. But as the case bitcoin or cryptocurrencies alone cannot be used for criminal activities until they have support from existing banking infrastructure.
A recent report states that the latest ISIS war annihilation is caused by the big investment in Bitcoin which is recently experiencing the worst period. Since cryptocurrency is decentralized in nature, it has often seen as the potential way of funding illegal activities. As per “thesun” report, ex-CIA analyst, Yaya J. Fanusie claims that the chief
After last week’s US Senate meet with the chairman of CFTC and SEC, a bill that is currently in the US Senate would call the federal personnel including the Department of Homeland Security (DHS) to conduct and share a threat assessment on the use of cryptos for terrorist activities with law enforcement bodies. US Senate