> Hamas was an early adopter of using cryptocurrencies for financing, according to TRM Labs, a blockchain intelligence company. Though most of the group’s funding comes from other sources, groups linked to Hamas have continued to solicit donations through crypto since its weekend attacks, per TRM.
As usual, crypto is not the majority source. Terrorism is not enabled by crypto. Its enabled by obfuscation, which the traditional system is rampant with.
Crypto based monetary systems at least have the potential to start de-obfucasted economic rails. I won't advocate for any specific project, but a brief search around "crypto KYC" or "zero knowledge KYC" might yield interesting results for readers.
"As long as the use case is some weird combination of libertarian fantasies and drug dealers and terrorists, members of Congress are not going to be excited to give the industry the benefit of the doubt," he said."
Isn't this an opportunity for intelligence agencies and "OSINT" enthusiasts to track down all the funding that Hamas is bragging about?
this isn't a "problem" but an opportunity for the crypto lobbyists to show how useful their product can be to the State, not just the individuals who run it.
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[ 3.2 ms ] story [ 25.7 ms ] threadAs usual, crypto is not the majority source. Terrorism is not enabled by crypto. Its enabled by obfuscation, which the traditional system is rampant with.
Crypto based monetary systems at least have the potential to start de-obfucasted economic rails. I won't advocate for any specific project, but a brief search around "crypto KYC" or "zero knowledge KYC" might yield interesting results for readers.
this isn't a "problem" but an opportunity for the crypto lobbyists to show how useful their product can be to the State, not just the individuals who run it.