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Analysis & Commentary - Yaya J. Fanusie

Yaya J. Fanusie's Latest

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...

23rd February 2018 – Quoted by Mirko Zago - PuntoInformatico

I jihadisti invitano alle donazioni in Bitcoin

Yaya J. Fanusie

Nella controversa realtà delle cripto monete purtroppo tornan a parlare di sé le transazioni volte a finanziare attività criminose. more...

23rd February 2018 – Quoted by Michael del Castillo - Coindesk

Why Venezuela Should Worry About a National Crypto

Yaya J. Fanusie

While not many things are clear about Venezuela's new state-backed cryptocurrency, the petro, what is apparent is that many think it's potentially harmful for the country's people. more...

23rd February 2018 – FDD's Center on Sanctions and Illicit Finance Policy Brief

To Evade U.S. Sanctions, Venezuela Launches the World’s First National Cryptocurrency

Yaya J. Fanusie

This week, the Venezuelan government started selling the “petro,” the world’s first “national cryptocurrency.” The petro’s release is part of the Maduro regime’s strategy to combat the “financial blockade” of U.S. sanctions, yet the petro is likely to find itself just as vulnerable as other financial instruments to U.S. sanctions and market-based disincentives. more...

20th February 2018 – Quoted by Brett Forrest and Justin Scheck - The Wall Street Journal

Jihadists See a Funding Boon in Bitcoin

Yaya J. Fanusie

When a group that says it provides financial assistance “relating to the jihad” sought to improve conditions for fighters in a squalid, sandbag-fortified trench in Syria late last year, it turned to a new funding conduit: bitcoin. more...

6th February 2018 – CNN

The Situation Room with Wolf Blitzer

Yaya J. Fanusie

FDD's Yaya Fanusie join's CNN's The Situation Room with Wolf Blitzer to discuss North Korean cyber-hacking. more...

6th February 2018 – Quoted by La Stampa

Bitcoin (in picchiata) e il riciclaggio: tutto quello che sappiamo

Yaya J. Fanusie

Il prezzo di Bitcoin è crollato di nuovo nelle ultime ore scendendo sotto la soglia dei 6.000 dollari arrivando a 5.900 per poi recuperare a 6.500 dollari. more...

31st January 2018 – Quoted by MH&L

What in the World is a Blockchain?

Yaya J. Fanusie

A survey of C-level corporate executives conducted by RANE found that many lack a clear understanding of the technology or benefits of blockchain, a distributed ledger that can permanently record transactions between two parties. more...

30th January 2018 – Quoted by Samuel Haig -

Europol and Interpol to Increase Measures Against BTC Laundering

Yaya J. Fanusie

A two-day workshop involving over sixty financial investigators in Basel, Switzerland has seen Europol and Interpol agree upon a range of measures designed to ramp up efforts to combat the use of cryptocurrencies for money laundering and terrorist financing purposes. The event saw attendance from over 60 international financial investigators. more...

29th January 2018 – Quoted by Rob Urban - Bloomberg Markets

Governments Worry That Cryptocurrencies Could Be the ‘Next Swiss Bank Account’

Yaya J. Fanusie

Authorities around the world worry that cryptocurrencies could become tax havens. Too late. It’s already happening. more...