[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Cop Kills Unarmed, Non-verbal Disabled Man in Costco, Shoots His Parents Too

Cops Open Fire with Pepper Spray Guns on Children at End of School Skate Party

Appeals Court To Cops: There's Nothing Inherently Suspicious About Running From The Police

Route 91 massacre survivor, avid hunter, tells FBI “.50 caliber rifle” was likely used in attack after witnessing “large holes” being “blown through” victims bodies

Pastor Jailed During ‘Drag Queen Story Hour’, SWAT Team Snipers Positioned Atop Library Roof

Watching is “Obstructing”

Trump ‘thinks he knows’ who was behind 9/11

*Welcome to Dog Paradise *

America Last: The Real Meaning of the Donald's Deplorable Aggression Against Iran

Shocking Video of Phoenix Cops Holding Black Family at Gunpoint Over $1 Doll

The Trump Administration Is Becoming Strangely Anti-Gun

Classic Cars and Classic Owners

1957-1959 Plymouth Fury - Best Plymouth Ever?

The In-Car Checkpoint

Stop Treating Government With Respect

Pepe the Frog's creator wins a $15,000 copyright settlement against InfoWars

African migrants pass through San Antonio and swiftly fan out across the country

Alex Jones losing credibility more rapidly than ever by continuing to shill for Trump, and now pushing for war with Iran on his radio show

Tennessee Cop Calls for Execution of Gay People Photographed at Pride Events

The Music Industry is Fake! Here's the Evidence

Fascist You Tube still purging conservative channels; tries to purge 'Black Pigeon Speaks' conservative-truth channel for no reason -- then must eat crow after yuge blacklash-support, reinstatement!

Why Gillibrand Is the Most Vapid Clown in the Car

Joan Jett and the Blackhearts Rock This Cover

Dire Straits’ Breakthrough Debut Album @41

DHS Frees 8.5K Illegal Aliens in Eight Days; 204.5K Released in Half a Year

Veterans Who Work In the Legal Cannabis Industry Are Being Denied Benefits

Sarah Huckabee Sanders: White House press secretary to resign

Hydrogen station explodes, Toyota halts sales of fuel cell cars, is this the end?

Federal watchdog recommends Kellyanne Conway be given the axe for Hatch Act violations

Why Kids Still Need Analog Clocks

A new moon race is on. Is China already ahead?

Mom who chose CBD to treat her daugher after chemo didn't work being chased by the State.

Asset Forfeiture Funding Has Little Impact on Solving Crimes, Says New Study

Jury Refuses to Convict Scott Warren for Showing Kindness to Immigrants

Pediatrician on How Transgender Propaganda Harms Children

Masterpiece Cakeshop Was Just Sued For ‘Discrimination’ For A THIRD Time

Millennial Dads Vs. Baby Boomer Dads: Millennials’ DIY Skills Are “Pathetic” By Comparison

The Number One Reason Adults Are Interested In Legalized Cannabis

Amazon, Law Enforcement Joining Forces To Turn Your Front Door Into An Integral Part Of The Surveillance State

Instead of Ticketing Elderly Woman for Tall Grass, This Cop Mowed it For Her

Former Senator Murdered in Her Home After Reportedly Uncovering Gov’t Child Trafficking Ring

You Can Get 5 Years in Prison for Selling Llama Poop, and Other Ludicrous Laws

Oct 1 eyewitnesses confirm: Five Middle Eastern men dressed in black, single file line, AR-15 assault rifle with shoulder strap

The Omnipresent Surveillance State: OrwellÂ’s 1984 Is No Longer Fiction

Tokyo 2019: The PARADOX of (GAY) PRIDE in the FAR EAST (G-Rated as compared to degenerate XXX-Rated 'Pride' in the West)

Noah's Flood and Catastrophic Plate Tectonics (from Pangea to Today)

The Reliability of the Bible (Proof-Positive Provided?)

Sicko Cop Sodomizes Man on Video Over Paper License Plate—Taxpayers to Be Held Liable

Punished Regardless

A Tow Truck Driver Repossessed an NYPD Officer’s Car. Then, He Ended up in Handcuffs.


Status: Not Logged In; Sign In

International News
See other International News Articles

Title: The Cryptocurrency-Terrorism Connection Is Too Big To Ignore
Source: [None]
URL Source: https://www.memri.org/reports/crypt ... rism-connection-too-big-ignore
Published: Jan 6, 2019
Author: Steven Stalinsky
Post Date: 2019-01-06 20:43:16 by A K A Stone
Keywords: None
Views: 94
Comments: 5

The following is an op-ed by MEMRI Executive Director Steven Stalinsky that was originally published in The Washington Post on December 17, 2018.

On Nov. 26 in a federal court in New York, 27-year-old Zoobia Shahnaz pleaded guilty to financially supporting the Islamic State terrorist group with a scheme that employed money laundering and bank fraud, along with bitcoin and other cryptocurrencies, according to prosecutors. She was tripped up when law enforcement officials detected overseas wire transfers designed to avoid financial-reporting requirements.

Cryptocurrency has come to terrorism, with an array of terrorist organizations exploiting the anonymity afforded by blockchain technology for fundraising and finances, yet U.S. counterterrorism officials appear to have been slow to grasp the extent the problem.

Certainly the 9/11 Commission Report in 2004 recognized that "vigorous efforts to track terrorist financing must remain front and center in U.S. counterterrorism efforts," in part because "information about terrorist money helps us to understand their networks, search them out, and disrupt their operations." But that was long before cryptocurrency emerged as a method for moving money while evading detection. The National Strategy for Counterterrorism released by the White House in October — the first such report since 2011 — could have been expected to address the role of cryptocurrency in terrorist financing, but it didn't.

The new national strategy noted that terrorists employ encrypted communications, and it vowed to "deny terrorists the ability to raise funds" and "plot attacks, travel, and abuse the global financial system." But in a gaping omission, the national strategy failed to link encryption and terrorist funding.

With the Islamic State's physical caliphate in shambles, revenue from oil and taxes have disappeared, but cryptocurrencies such as bitcoin, Dash, Ethereum, Monero, Verge and Zcash, with others in development, constitute an alternative funding source for the terrorists. Transactions are swift and anonymous, and disrupting them is difficult. In addition to more-established terrorist organizations, an emerging cadre of terrorist groups and their affiliates, such as Al-Sadaqah, Malhama Tactical and the Ibn Taymiyyah Media Center, have begun using cryptocurrency. Communications about transactions often take place on encrypted messaging apps, such as Telegram, favored by terrorist groups because they are easy to use and offer a secure venue for planning and recruiting — and for advising Western supporters about how to use cryptocurrency.

Telegram's encrypted text and voice messaging have gained worldwide popularity since its launch in 2013 by Russian entrepreneur Pavel Durov. The service passed 100 million active monthly users two years ago, with its secrecy also inevitably attracting criminal and terrorist organizations. By far, these groups rely on bitcoin for financial activity on Telegram, but now Durov appears set to launch Telegram's own cryptocurrency after obtaining $1.8 billion in funding.

The prospect has alarmed Rep. Ted Poe (R-Tex.), chairman of the House subcommittee on terrorism, nonproliferation and trade, and Rep. Brad Sherman (D-Calif.), ranking member of the subcommittee on Asia and the Pacific. On Oct. 25, they wrote to Durov expressing concern that the launch of a Telegram cryptocurrency "will make it even easier for terrorists to fundraise without disruption." The congressmen asked Durov to provide a "plan of action" to "create safeguards to prevent terrorist groups from using the platform as a secure fundraising tool." Poe’s office says Durov hasn’t replied.

Other alarms about terrorists’ use of cryptocurrency have been sounded in recent months. In September, the House approved a bill introduced by Rep. Ted Budd (R-N.C.) calling for the establishment of an independent financial technology task force to research terrorists’ use of new financial technologies and specifically to combat the use of cryptocurrency by terrorists. (The bill awaits Senate action.) The intergovernmental Financial Action Task Force, which combats money laundering and terrorism financing, noted in an Oct. 19 statement that the Islamic State and al-Qaeda are using cryptocurrencies and called on governments worldwide to establish rules for their use.

More leadership from those working worldwide against terrorist fundraising is urgently needed. It should not take a major terrorist attack, planned on an encrypted apps and financed with cryptocurrency, to get their attention.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: A K A Stone (#0)

This article seems to demonize both crytpo currency and crypto communications, and want to do away with both in the name of fighting terrorism.

But terrorists use guns too. Should we therefore ban guns? Should be ban cars too, as terrorists take advantage of them to carry out their deeds?

Is the solution to grant all surveillance power to the state, only permit unencrypted communications and do away with the 4th amendment in the name of fighting terrorism? Is Big Brother the solution to all human kinds political ills?

It seems the author of this article thinks so.

Whatever the problem that terrorism poses to the world, which is actually kind of minor when you compare the number of people killed by cancer, car accidents, drug violence and so on, the solution is not to take away the right of people to be secure in their communications and finances.

Pinguinite  posted on  2019-01-06   21:19:56 ET  Reply   Trace   Private Reply  


#2. To: Pinguinite (#1)

I just saw the article and thought you and others might be interested in it. So I posted for discussion.

Where is bitcoin at these days anyhow?

A K A Stone  posted on  2019-01-06   21:27:08 ET  Reply   Trace   Private Reply  


#3. To: A K A Stone (#2)

Where is bitcoin at these days anyhow?

I'm certainly a crypto advocate.

Bitcoin is at about $4000 right now. Just over it today after being in the mid to high $3000's for a while. It was at about $6400 for the longest time but then drop to the 4k level around the end of November. It's been basically steady since then. It's starting to show some life now.... maybe.

Of course these are valuations with respect to the US dollar which itself is not necessarily a proper benchmark of value, given the philosophical arguments in favor of crypto.

Pinguinite  posted on  2019-01-06   21:50:30 ET  Reply   Trace   Private Reply  


#4. To: Pinguinite (#3)

www.wsj.com/articles/the-...bitcoins-price-1538481600

This article says the prices are manipulated by computer programs.

A K A Stone  posted on  2019-01-06   22:55:42 ET  Reply   Trace   Private Reply  


#5. To: A K A Stone (#4)

Gold and silver are manipulated. Housing prices were manipulated... Manipulation in the finance world is the rule, not the exception.

Pinguinite  posted on  2019-01-06   22:58:00 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com