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> Hamas was an early adopter of using cryptocurrencies for financing, according to TRM Labs, a blockchain intelligence company. Though most of the group’s fundi
by meowkit 3y ago
> 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.