Subscribe to FDD

Analysis & Commentary - Yaya J. Fanusie

Yaya J. Fanusie's Latest

11th October 2018 – Forbes

Seeking Sanctions Resistance Through Blockchain Technology

Yaya J. Fanusie

Policy experts can argue about the appropriateness of various sanctions policies. Some voice concerns that the U.S. overuses sanctions tools while others convey that the U.S. must increase targeted sanctions to hinder the financiers that enable terrorists and corrupt regimes. But there has never been the prospect that sanctioning could become a moot option against some states embracing new financial technologies. Until now. more...

27th September 2018 – Quoted by Helen Partz

US House Passes Bill for Task Force to Combat Crypto Use by Terrorists

Yaya J. Fanusie

The U.S. House of Representatives passed a bill on September 26 that would establish a crypto task force to combat terrorist use of cryptocurrencies, public records indicate. House Resolution (H.R.) 5036, which represents an amended version of the bill proposed by Rep. Ted Budd (R-NC) to the Committee on Financial Services in January, establishes an “Independent Financial Technology Task Force” to fight the illicit use of cryptocurrency. more...

21st September 2018 – Foreign Podicy

Podcast: Islamism and Jihadism: The view of one Muslim — and former CIA analyst

Clifford D. May, Yaya J. Fanusie

Yaya Fanusie is the director of analysis at the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance (CSIF). He spent seven years as both an economic and counterterrorism analyst in the CIA, where he regularly briefed White House policy makers, U.S. military personnel, and federal law enforcement. In 2009, he spent three months in Afghanistan providing analytic support to senior military officials. more...

11th September 2018 – Quoted by Eugenia Kovaliova - Coinspeaker

Experts From the U.S. Congress Called Cryptocurrency ‘Poor Money’ for Terrorists

Yaya J. Fanusie

The US Congress proved cryptocurrency useless when it comes to financing terroristic activities, as none of such attempts resulted in success. more...

11th September 2018 – Quoted by Rahul Nambiampurath - BitRates

On 9/11 Congress Finds Crypto Contributions to Terrorism Funding Are Negligible

Yaya J. Fanusie

A U.S. Congress Subcommittee on Terrorism found that despite popular notion, cryptocurrency use in terrorist financing has been negligible. more...

11th September 2018 – Quoted by Ana Alexandre - CoinTelegraph

Report: Crypto Not Effective for Financing Terrorist Groups

Yaya J. Fanusie

The crypto and blockchain industry is “not innately illicit and should not be feared,” the director of analysis for the Foundation for Defense of Democracies (FDD) Center stated in an official press release from the U.S. House of Representatives Financial Services Committee September 7. more...

15th August 2018 – Forbes

Blockchain Authoritarianism: The Regime In Iran Goes Crypto

Yaya J. Fanusie

Iran recently announced plans to develop its own national cryptocurrency in order to circumvent U.S. sanctions. This intention to create blockchain-based infrastructure for the country’s banking sector comes as the Trump administration has reimposed sanctions that the U.S. suspended as part of the Iran nuclear deal. more...

6th August 2018 – Fifth Domain

The Russian DNC hack shows the US needs to get smart on crypto

Yaya J. Fanusie, Boris Zilberman

If the United States is going to stop Russia from hacking its next election, law enforcement and the intelligence community will need to get much smarter on how to catch adversaries who use cryptocurrencies. more...

3rd August 2018 – Quoted by Adam Hart - CoinDesk

Data Shows US Dollar, Not Japanese Yen, Is Dominating Bitcoin Trade

Yaya J. Fanusie

Japan may not be quite the cryptocurrency powerhouse that the world thinks it is. more...

12th July 2018 – Forbes

Good Crypto, Bad Crypto: Blockchain Projects Gaining Legitimacy While Spawning An Underground

Yaya J. Fanusie

The cryptocurrency ecosystem is diverging into an increasingly transparent, well-regulated space and an unregulated crypto underground likely to be exploited for illicit activity and the dark web. Recently, I spoke on a panel that included the chief compliance officer of Bittrex, one of the largest U.S.-based cryptocurrency exchanges, who implied that this divergence will take place in the next several years. But it is happening now. more...

4th July 2018 – Quoted by Julio Gil-Pulgar - Bitcoinist

Bitcoin’s Next Big Battle: Restoring Its Reputation

Yaya J. Fanusie

Throughout its short existence, Bitcoin has successfully confronted several challenges, such as technical issues and internal wars. It has also withstood relentless persecution from governments and powerful financial personages. However, although Bitcoin is undoubtedly not intrinsically illicit, it unfairly has a bad reputation. more...

18th June 2018 – Quoted by Portia Burton - Medium

Blockchain Insider: Yaya J. Fanusie

Yaya J. Fanusie

Yaya J. Fanusie is the director of analysis for the Center on Sanctions and Illicit Finance, a program run by the Foundation for Defense of Democracies, a nonpartisan national security think tank in Washington, DC. His research focuses on the national security and illicit finance implications of cryptocurrencies and blockchain technology. He previously worked for several years as a counterterrorism analyst. You can follow him at @SignCurve on Twitter. more...

25th May 2018 – Quoted by Tim Johnson - Australian Financial Review

The trouble with bitcoin: Keeping it from getting hacked, lost or stolen

Yaya J. Fanusie

Here are the drawbacks with digital currencies: hackers and scammers can make them vanish. If an owner has a poor memory, the bitcoins can get locked for eternity in an electronic wallet, like a fly in amber. more...

10th May 2018 – Quoted by Tim Johnson - McClatchy

The trouble with bitcoin: Keeping it from getting hacked, lost or stolen

Yaya J. Fanusie

Here are the drawbacks with digital currencies: Hackers and scammers can make them vanish. If an owner has a poor memory, the bitcoins can get locked for eternity in an electronic wallet, like a fly in amber. more...

28th April 2018 – CoinDesk

The Crypto Community Must Use the Blockchain to Self-Police

Yaya J. Fanusie

Self-policing illicit activity on the blockchain may soon be a necessity for the cryptocurrency space. The everyday cryptocurrency enthusiast in the future is likely to spend time identifying illicit wallets and transactions to avoid. The U.S. Treasury Department has made that inevitable. more...

24th April 2018 – Quoted by Aaron Stanley - Forbes

Analyst: Don’t Write Off Venezuelan Petro Implications

Yaya J. Fanusie

Ask anybody in crypto or blockchain circles about the Venezuelan petro and you’ll likely get a predictable eyeroll response, but one former counterrorism analyst says the imbroglio needs to be taken more seriously the community. more...

25th March 2018 – CoinDesk

Crypto Investors Should Stay Away from Venezuela’s Petro

Yaya J. Fanusie

Venezuela has reportedly made the first state-backed cryptocurrency, the petro, available to the public. Crypto investors should just say no. more...

22nd March 2018 – Quoted by Luis Esparragoza - Criptonoticias


Yaya J. Fanusie

La Agencia de Seguridad Nacional (NSA) de Estados Unidos ha estado rastreando la blockchain de Bitcoin e identificando a los usuarios de esta. more...

19th March 2018 – Quoted by David Gilbert - Vice

Criminals are racing to cash out their bitcoin. Here’s how they’re doing it

Yaya J. Fanusie

The bitcoin scam worked — almost too well. more...

26th February 2018 – Quoted by Louis Aguilar - The Detroit News

Bitcoin ATMs in Detroit party stores, gas stations

Yaya J. Fanusie

The 23 Bitcoin automated-teller machines in Detroit are installed in places like the Big V Party Store on the northwest side. Signs outside the Big V prominently advertise its goods and services: check-cashing, money orders, liquor, Lotto tickets — and since last year, an ATM dedicated to the so-called future of money. more...