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Topic: [2015-11-23] Expert: terrorists may prefer informal money transfer to bitcoin (Read 342 times)

legendary
Activity: 1568
Merit: 1001
I'm sure Bloomberg will make sure and mention this the next time they bring up bitcoin: a wire transfer is better for terrorists to use than the easily trackable bitcoin. Especially since the hactivists just lynched their bitcoin account and stole damn near 10k coins.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
Hawalla is a hard target. It is part of traditional Islamic banking and is based on trusted members. I also think this is more of a problem than bitcoin for terror funding. It leaves no paper trail or blockchain reference.
full member
Activity: 224
Merit: 100
Expert: terrorists may prefer informal money transfer to bitcoin
The system of informal money transfers known as “hawala” is hard to control. That is why terrorists may prefer it to bitcoin, says the Head of Russian E-Money association Dr Viktor Dostov.
http://www.coinfox.info/news/3810-expert-terrorists-may-prefer-informal-money-transfer-to-bitcoin
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