The recent conflicts in West Asia and Europe have brought focus to the complex relationship between cryptocurrency and global affairs. According to Sauradeep Bag, crypto is under government assault and its only proven use case is financing crimes and terrorism. Elliptic and Chainalysis have confirmed that crypto is being used for funding terrorism, with Elliptic stating that the scale of crypto-based terrorism funding is being misrepresented.
Blockchain forensics firms @elliptic and @chainalysis say there is “no evidence” that Hamas has been receiving significant crypto donations, contrary to recent claims. https://t.co/iO7MgbBCul
Elliptic says scale of crypto-based terrorism funding is being misrepresented https://t.co/K5S654ZLO3
Elliptic confirmed what we learned from Chainalysis earlier this week: Crypto is about as useful to Hamas as Elizabeth Warren is to the Cherokee Nation. https://t.co/62yi3rktZm
"Crypto is under massive government assault. The venture capital money has moved on and people are beginning to understand and realise that crypto's only proven-use case is financing a devastating array of crimes and terrorism." https://t.co/Gc31cqjEMC
The recent conflicts in #WestAsia and #Europe have brought focus to the complex relationship between #cryptocurrency and global affairs, states Sauradeep Bag https://t.co/mFCUn7Dppk