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Former CIA Analyst Says Terrorists Utilize Bitcoin to Boost Funding

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A former counterterrorism researcher for a CIA has found that terrorists are utilizing innovative technologies to boost their funding, one of that is by a use of bitcoin.

Yaya Fanusie is a executive of research for a Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance (CSIF) who formerly spent 7 years as both an mercantile and counterterrorism researcher in a CIA.

Writing on The Cipher Brief, he explained how he recently came opposite a discouraging box of innovative militant fundraising.

According to Fanusie, The Ibn Taymiyya Media Center (ITMC), that is an online jihadist promotion section located in a Gaza Strip, has been regulating amicable media to run a fundraising campaign. Fanusie states that it is a initial militant organisation to publicly use a digital currency.

At a commencement of a year, Europol suggested that no militant organisation was regulating bitcoin for terrorism financing.

He said:

Although a debate has not nonetheless lifted most digital currency, this bid shows how terrorists are experimenting with new financial record to enhance funding.

Links to Islamic State

Fanusie adds that a ITMC is

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