During the year leading up to the attacks on Israel, militant groups received large amounts of funds through crypto.
- Digital-currency wallets that Israeli authorities linked to the Palestinian Islamic Jihad received as much as $93 million in crypto between August 2021 and June this year.
- Wallets connected to Hamas received about $41 million over a similar time period.
The U.S. Treasury Department has said gaps in financial crime controls at such crypto exchanges can allow terrorist groups to misuse them
This highlights something I’ve said again and again: The U.S. never lets a good crisis go to waste.
- This becomes another excuse for the U.S. to crack down on crypto — one they will undoubtedly jump on to justify CBDCs that allow governments to track what you spend your money on.