Will bitcoin be a primary currency of Islamic State as it seeks to establish an actual nation? Islamic State (IS) has used bitcoin to raise funds, according to Deutsch Welle, a German-based satellite TV station. An IS bitcoin account received around $23 million in the past month, according to the report. As the militant group seeks to establish an actual nation, IS is building state-like institutions and services, including schools, hospitals and now a treasury. Bitcoin And The 'Gold Dinar' In addition to using bitcoin, IS has also minted and released its own currency called the "gold dinar." The group's use […]
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