The US Treasury's Financial Crimes Enforcement Network (FinCEN) has proposed labeling international crypto mixing services as a "primary money laundering concern" due to their use by Hamas and other illicit actors. This comes after American lawmakers framed crypto as a key instigator in the Israel-Palestine conflict. Industry experts have pushed back against these claims, with Chainalysis estimating that terrorists received less than $1 million in crypto transfers, contrary to the initial claim of $82 million. The US government's intensified efforts to combat illicit activity in cryptocurrency markets aim to address concerns over Hamas' crypto fundraising, which is believed to have helped finance its own destruction. The proposal seeks to treat crypto anonymity services as suspected money launderers, further increasing scrutiny in the crypto space.
How Hamas’ Crypto Fundraising Helped Finance Its Own Destruction https://t.co/jzfreHUyPw https://t.co/2SeOaqUJoq
US intensifies efforts to combat lllicit activity in cryptocurrency markets https://t.co/46aWaClKQ1 https://t.co/EEJLkB1eQd
Citing Hamas, the US Wants to Officially Treat Crypto Anonymity Services as Suspected Money Launderers https://t.co/2rVTEaqmbE
Crypto is a small but deadly slice of Hamas' funding, says @LionelRALaurent https://t.co/PCAJ7IsnK5 via @opinion
The US Treasury's FinCEN proposes labeling international crypto mixing as a "primary money laundering concern", citing its use by Hamas and other illicit actors (@jesseahamilton / CoinDesk) https://t.co/YVMGtPalF5 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/LHS732UndB
Citing Hamas, the US Wants to Officially Treat Crypto Anonymity Services as Suspected Money Launderers https://t.co/nf31gcPi8y
US Treasury unit proposes stepping up scrutiny of crypto mixers https://t.co/uqCRaB7JKl https://t.co/aH2ipivmdw
⭐ Today’s essential read: From cash to crypto, Reuters reporters break down Hamas' complex funding web https://t.co/R4eF6r2Odx
Hamas money laundering worries spark new U.S. crypto rule https://t.co/IrQHQoCSeB https://t.co/xAQQ3RxwCV
The U.S. Treasury Wants to Define Crypto Mixers as 'Money Laundering Centers' https://t.co/cJE2w0afCo
The @USTreasury's financial crimes enforcement arm wants to label crypto mixers as a "primary money laundering concern." @jesseahamilton reports https://t.co/xJiNk8zeDx
Advocacy groups challenge Sen. Warren’s claims linking crypto with terrorism funding, citing the public nature of blockchain transactions as a tool for accountability. https://t.co/BE29p38hnp
The claim that terrorists "received $82m" in crypto transfers is a gigantic lie. Chainalysis thinks it's probably sub $1m. Politicians harassing the crypto space with this are simply malicious fabulists. They should be community noted at every turn https://t.co/aMcWO0SUly https://t.co/o7vNAl7gYW
I’m fairly sure the headlines about Hamas using crypto is an exaggerated story customized to fit certain politicians per crusade against crypto. It’s not that they don’t use crypto, it’s just not that significant or funneled to the culprits https://t.co/OIL34bsJOj
What role is crypto actually playing in the Israel-Palestine conflict? Industry experts push back after American lawmakers frame crypto as a key instigator—click below to read more: https://t.co/134L10OGp9