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Surge in Bitcoin-based terrorism funding

Yaya J. Fanusie
22nd December 2017 - IBS Intelligence

A US national security advisor has highlighted  links between Islamic extremism and Bitcoin which is being used as a way to raise funds. As reported by Coindesk, in the last month, the Foundation for the Defense of Democracies has identified the first four cases of this happening in over a year.

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The think tank’s director of illicit finance analysis, Yaya Fanusie, sees the spike as part of a bigger-picture exploration of cryptocurrencies by terrorist organizations. “My theory is the attention to bitcoin has probably led to certain groups taking a look at the technology.”

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