October 12, 2023
‘They’re opportunistic and adaptive’: How Hamas is using cryptocurrency to raise funds
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.”
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