Or we could also look at it the other way around. The money the US Government sends to the likes of Israel to Terrorize Palestine Civilians should also be considered Terror Funding, and we are damn sure it is done through the US dollar. I don't think those that lost their loved ones in Iraq, Syria, Libya, Afghanistan etc, look at American soldiers as Heroes but rather terrorists! So why does it have to be only one way?
One way or the other, America is also funding terrorists using the USD and has been doing so for so many decades but guess what? They always try to make crypto the scapegoat.
Topic: Crypto does NOT fund terrorism - page 2. (Read 290 times)
It’s just lazy FUD by people with an agenda. What do they think war, drugs, prostitution, trafficking & a whole host of other deplorable things are mostly funded by? Yes that’s right, fiat currencies. The FUD is getting embarrassing now, bitcoin is going nowhere. Their scare tactics don’t work, bitcoin is here & growing all the time. They are powerless to stop increasing adoption. Just like the dinosaurs died out, they will too.
Old Fud but it's not to manipulate the market, it is to seize assets. It gives them a reason to freeze some funds though so the narrative is there and whatever people believe doesn't matter. They will just do it without proof. It wouldn't be a surprise anymore if we hear news about BTC being confiscated from exchanges because it's linked to an address of someone from Gaza or Iran.
This bill is just one. It's gonna be one step at a time.
UK passes bill to enable authorities to seize Bitcoin used for crime
It’s just lazy FUD by people with an agenda. What do they think war, drugs, prostitution, trafficking & a whole host of other deplorable things are mostly funded by? Yes that’s right, fiat currencies. The FUD is getting embarrassing now, bitcoin is going nowhere. Their scare tactics don’t work, bitcoin is here & growing all the time. They are powerless to stop increasing adoption. Just like the dinosaurs died out, they will too.
At this point, I no longer give any credit to the talking point of Bitcoin or any other cryptocurrency being a game changer when comes to making the funding of terrorist activities easier around the globe. It has already proven in the past with many examples that both terrorists and money launderers still seek for FIAT in cash as their main tool to break the traceability of their money.
I would dare to bet Hamas and other factions which are willing to use violence for the sake of their own political fight, stake more 100$ bills than Bitcoin or any other decentralized asset.
Of course, the mainstream media does all in their power not to explicitly call out the wrongdoing by banks, if possible.
I would dare to bet Hamas and other factions which are willing to use violence for the sake of their own political fight, stake more 100$ bills than Bitcoin or any other decentralized asset.
Of course, the mainstream media does all in their power not to explicitly call out the wrongdoing by banks, if possible.
It's any kind of money or anything with value to be in fact. Criminals doesn't choose, but crypto is the best way to do it especially for anonymous or pseudonymous transactions. Don't be one sided and sugarcoat crypto transactions coz it's one the disadvantage and advantage of using it. Money laundering uses anything, besides cash, crypto is well-used as well.
What the U.S. government dubs as "global terrorism" is actually a very big part of the worldwide population. Large parts of Syria, Lebanon, all of Gaza, Afghanistan, Iran... See, the issue with this fact is that there's not enough crypto for everyone. The U.S. has fought against many countries and groups as part of its efforts categorized under the flag of "war on terror". If you ONLY take the Afghanistan operations into account, the total cost was $2.313 trillion for the United States. That alone is almost double than all of cryptos market cap...
So where do you think the money for "terrorism" comes from? Well, it's the banks again... Surprise, right?
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So make no mistake. When someone tells you that bitcoin or crypto in general funds terrorism, the only correct answer is that if we're concerned about that, we should completely close down banks because they are the primary funding source for all terrorism.
Obviously it's not all happening in crypto space, it doesn't even have liqudity for that, but you can't say it wouldnt happen at all. If it gets funded by fiat money, why wouldn't it be funded with cryptos as well. I mean even north korea steals crypto as it's handy to them for transactions not getting blocked. That bank account didSo where do you think the money for "terrorism" comes from? Well, it's the banks again... Surprise, right?
-cut-
So make no mistake. When someone tells you that bitcoin or crypto in general funds terrorism, the only correct answer is that if we're concerned about that, we should completely close down banks because they are the primary funding source for all terrorism.
You cropped out this part from the article
Quote
Israel has also frozen cryptocurrency accounts used to solicit donations for Hamas, the statement said.
I would argue that crypto isn't used only to fund terrorists and criminals, like we all know, and most people have good intentions, but obviously everyone uses it. It would be weird that only criminals and terrorists would exclude cryptocurrencies. In fact criminals and terrorists will use the tech that works for them. If the tech is good enough, they will use it. As everyone else will sooner or later.
But right now the majority from money laundering comes from elsewhere as it's way easier to wash ludicrous amounts of money in traditional way, then trying to use some mixer to obfuscate the origin of money. When in reality that what gets you flagged for FATF.
What the U.S. government dubs as "global terrorism" is actually a very big part of the worldwide population. Large parts of Syria, Lebanon, all of Gaza, Afghanistan, Iran... See, the issue with this fact is that there's not enough crypto for everyone. The U.S. has fought against many countries and groups as part of its efforts categorized under the flag of "war on terror". If you ONLY take the Afghanistan operations into account, the total cost was $2.313 trillion for the United States. That alone is almost double than all of cryptos market cap...
So where do you think the money for "terrorism" comes from? Well, it's the banks again... Surprise, right?
So make no mistake. When someone tells you that bitcoin or crypto in general funds terrorism, the only correct answer is that if we're concerned about that, we should completely close down banks because they are the primary funding source for all terrorism.
So where do you think the money for "terrorism" comes from? Well, it's the banks again... Surprise, right?
So make no mistake. When someone tells you that bitcoin or crypto in general funds terrorism, the only correct answer is that if we're concerned about that, we should completely close down banks because they are the primary funding source for all terrorism.
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