Saturday, October 24, 2015

Reality Check: Bitcoin Plays A Bit Role In Terror Financing

Is bitcoin really the preferred currency of terrorists? You might think so from reading some of the mainstream media headlines. But a recent intergovernmental study on terrorist financing paints a very different picture. The Financial Action Task Force (FATF), a Paris-based, intergovernmental body that develops policies to protect the global financial system against money laundering, terrorist financing and financing of weapons of mass destruction, recently released a report called Emerging Terrorist Financing Risks. There is a small section in the report about virtual currency as a tool for this financing, but the 48-page report says foreign terrorist groups are primarily […]

The post Reality Check: Bitcoin Plays A Bit Role In Terror Financing appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

No comments:

Post a Comment