Cryptocurrencies: Potential For Terror Financing
Ahmad Helmi Hasbi, Remy Mahzam · DR-NTU (Nanyang Technological University) · 2018
Given their transaction anonymity and user-friendliness, cryptocurrencies appeal to extremist groups as they offer a viable alternative to the mainstream financial system and fiat money which are perceived as ‘kafir’ (infidel) currencies. The threat of cyber-driven terrorist financing is expected to grow.