The financing of terrorist activities has always required several intermediaries to conceal the digital or paper trail so that the money can be laundered to purchase weapons and pay for the various services necessary to coordinate an attack. This often leads people to conclude that cryptocurrencies could serve well terrorists and other criminals, but an expert has rejected this hypothesis in an address to the United States Congress, Forbes reports.
“Cold hard cash is still king,” noted Yaya Fanusie, who is in charge of analysis at the Foundation for Defense of Democracies Center on Sanctions and Illicit Finance.
Fanus...
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