Palestinian Militant Groups Use Cryptocurrency to Raise Millions for Weapons and Operations, Raising Money Laundering Concerns
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Hamas and other Palestinian militant groups have raised millions in cryptocurrency donations to fund weapons and operations.
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Terror organizations exploit decentralized crypto networks that lack know-your-customer rules.
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Militant groups engage in crypto mining and investing to generate funds.
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Israel and the US urge crypto exchanges to help cut off wallets linked to terrorists.
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Without proper anti-money laundering controls, cryptocurrency risks enabling terror finance and facing backlash from regulators.