Recent statements from U.S. Treasury Department officials, including Undersecretary for Terrorism and Financial Intelligence Brian Nelson, have clarified the role of cryptocurrency in terrorism financing, particularly concerning Hamas and the Palestinian Islamic Jihad (PIJ). Despite earlier reports suggesting a heavy reliance on digital assets for such activities, it has been confirmed that these groups utilize crypto in relatively small amounts. Nelson emphasized that traditional financial products and services remain the preferred methods for terrorist financing. This clarification comes amid discussions on the need for enhanced regulatory powers to limit the use of cryptocurrencies in illicit finance.
A top U.S. Treasury official has confirmed that #crypto is not "a popular tool for Hamas or the Palestinian Islamic Jihad." https://t.co/y2deuEuXM9
CoinDesk: "U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism" https://t.co/AvyeUUWMfP
U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism https://t.co/4KRaLOQffd
The U.S. Treasury’s Undersecretary for Terrorism and Financial Intelligence Brian Nelson confirmed that terrorist groups like Hamas and PIJ are using crypto in relatively small amounts compared to what is being widely reported. @tikta_ reports https://t.co/Aq182Rbi28
A U.S. Treasury official has stated that crypto have a minor role in funding militant groups like Hamas and Palestinian Islamic Jihad, challenging previous claims of major terrorism financing https://t.co/U3Gs4c7XIj
📣 Latest News: Crypto played little part in Hamas terror financing — US Treasury #news #cryptonews #crypto #regulations
U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism https://t.co/URdtoxuXdu via @coindesk
In a hearing today, @USTreasury representatives said crypto represented only a small portion of illicit finance, particularly when it came to terrorism, @benjaminopowers reports https://t.co/mxqtZBrPIw
A top U.S. Treasury Department official countered earlier reports that Hamas relied heavily on crypto for terrorism funding. But he still asked for more power to limit the use of digital assets in that sphere. @jesseahamilton reports https://t.co/KThpt2hCwM
On Bitcoin NOT being used for terrorism: "We also assess that terrorists still prefer frankly to use traditional products and services" "Hamas is using crypto in relatively small amounts compared to what has been reported" https://t.co/9wIVfj69Ns