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Why Hamas is using crypto to raise funds
Why Hamas is using crypto to raise funds
October 20, 2023, 12 p.m. ET
WASHINGTON — The role of cryptocurrencies in illicit financing has come under scrutiny after the Wall Street Journal reported that Hamas and other militant groups used the technology to raise millions of dollars ahead of their recent attacks in Israel.
Some lawmakers responded by calling for tougher rules to limit crypto’s usefulness to criminals and groups subject to U.S. sanctions. Crypto Companies Say they work to keep these users off their platforms and argue that digital tokens can help law enforcement track down bad actors.
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