Terrorists still raise money through crypto, but the impact is limited

Cointelegraph

Published Apr 09, 2021 12:37PM ET

Updated Apr 10, 2021 03:00PM ET

We’re living today “amidst an explosion of risk related to fraud, money laundering, terrorist financing, and data privacy,” said United States Treasury Secretary Janet Yellen in February — and she specifically cited cryptocurrencies as a “tool to finance terrorism.”

Yellen appeared to be flagging an important new turn in the war against terror, and it begged some questions: Is crypto in the hands of terrorists a real, present danger to governments and society? If so, should the cryptocurrency and blockchain industry be worried?

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