October 12, 2023

‘They’re opportunistic and adaptive’: How Hamas is using cryptocurrency to raise funds

Featuring: Yaya J. Fanusie

Source: CNN

Journalists: Scott Glover, Majlie de Puy Kamp, Curt Devine, Scott Bronstein

Hamas’ use of digital currency represents just one of the many ways the group – designated a terrorist organization by the United States and European Union – has sought to raise funds while evading sanctions.

“There’s not one financing method for Hamas or other terrorist organizations. They’re opportunistic and adaptive,” said former CIA analyst Yaya Fanusie, now an adjunct senior fellow with the Center for a New American Security. “Efforts to stop them are a constant game of cat-and-mouse.”

Read the full story and more from CNN.

Author

  • Yaya J. Fanusie

    Adjunct Senior Fellow, Energy, Economics and Security Program

    Yaya J. Fanusie is an Adjunct Senior Fellow at the Center for a New American Security (CNAS) where his research focuses on crypto, blockchain, and central bank digital currenc...