Crypto Regulations Proposed to Prevent Alleged Hamas Fundraising, But Concerns Remain Over Privacy and Feasibility
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Hamas has allegedly used crypto to raise funds to attack Israel, prompting calls for crypto regulations to prevent terrorism financing.
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The U.S. Treasury has proposed designating crypto mixers as money laundering threats, worrying some that it could threaten crypto privacy.
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Experts say the proposal would significantly impact U.S. institutions dealing in crypto but can't regulate outside U.S.
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It's unclear if institutions will have access to all the information FinCEN wants reported about crypto transactions.
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Blockchain analytics firms report no evidence that Hamas fundraising from crypto was significant compared to other sources.