Hamas armed wing announces suspension of bitcoin fundraising
Source: Reuters
Hamas armed wing announces suspension of bitcoin fundraising
Nidal al-Mughrabi
Fri, April 28, 2023 at 8:22 AM EDT
GAZA (Reuters) - The armed wing of the Palestinian Islamist group Hamas said on Thursday it would stop receiving fundraising via the crypto currency bitcoin, a method it has used for years, citing an increase in "hostile" activity against donors.
"This comes out of concern about the safety of donors and to spare them any harm," the group said in a statement late on Thursday, adding that it had seen increased efforts to prevent people and groups sending it bitcoin funds.
The group, Izz el-Deen al-Qassam Brigades, Gaza's most powerful armed faction that has fought several wars with Israel over many years, renewed its call for "continued donation to Qassam and the resistance by all available means."
-snip-
However, developments in technology that track the movement of crypto on the blockchain ledger have made it easier for authorities to identify those behind crypto transfers. Many major crypto exchanges now also run ID checks on clients.
-snip-
Read more: https://news.yahoo.com/hamas-armed-wing-announces-suspension-122228874.html