ISIS blog post: Bitcoin can "enable jihad on a large scale"
Sky News reports that a blog post associated with the Islamic State in Iraq and Syria (ISIS) has advocated Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that as a means to "enable jihad on a large scale" through the sending "millions of dollars" to fighters.
The post is titled "Bitcoin and the Charity of Violent Physical Struggle". It discusses how Bitcoin works and how it facilitates the quick movement of funds across borders. Dark Wallet is highlighted as a way of making transactions totally anonymous. Therefore:
"This allows our brothers stuck outside of the ardh Dawlatul-Islam to avoid government taxes along with secretly fund the mujahideen with no legal danger upon them."
Indeed, one of Dark Wallet's founders addressed concerns that his tool can facilitate terrorism and other crimes, his reply was: “Well, yes, bad things are going to happen on these marketplaces…..Liberty is a dangerous thing.”
The financing of terrorism has been highlighted as one of the risks posed by Bitcoin by multiple regulatory bodies around the world. The US Department of Defense stated: "The introduction of virtual currency will likely shape threat finance by increasing the opaqueness, transactional velocity, and overall efficiencies of terrorist attacks." To date, little such activity has been reported. Other concerns like Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund for narcotics trafficking have seen more reporting.
Indeed, the increased digitization of fiat money and vigilance by governments against its transfer for terrorist activity had limited the flow of donations. But with Bitcoin, "this system has the potential to revive the lost sunnah of donating to the mujahideen, it is simple, easy, and we ask Allah to hasten it’s usage for us."
ISIS reportedly obtained only 5% of its financing through donations coming from abroad, the remainder originating from within Iraq itself. They are also reportedly the richest jihadist group in the world, with assets estimated at over $2 billion.
Sky News reports that a blog post associated with the Islamic State in Iraq and Syria (ISIS) has advocated Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that as a means to "enable jihad on a large scale" through the sending "millions of dollars" to fighters.
The post is titled "Bitcoin and the Charity of Violent Physical Struggle". It discusses how Bitcoin works and how it facilitates the quick movement of funds across borders. Dark Wallet is highlighted as a way of making transactions totally anonymous. Therefore:
"This allows our brothers stuck outside of the ardh Dawlatul-Islam to avoid government taxes along with secretly fund the mujahideen with no legal danger upon them."
Indeed, one of Dark Wallet's founders addressed concerns that his tool can facilitate terrorism and other crimes, his reply was: “Well, yes, bad things are going to happen on these marketplaces…..Liberty is a dangerous thing.”
The financing of terrorism has been highlighted as one of the risks posed by Bitcoin by multiple regulatory bodies around the world. The US Department of Defense stated: "The introduction of virtual currency will likely shape threat finance by increasing the opaqueness, transactional velocity, and overall efficiencies of terrorist attacks." To date, little such activity has been reported. Other concerns like Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund for narcotics trafficking have seen more reporting.
Indeed, the increased digitization of fiat money and vigilance by governments against its transfer for terrorist activity had limited the flow of donations. But with Bitcoin, "this system has the potential to revive the lost sunnah of donating to the mujahideen, it is simple, easy, and we ask Allah to hasten it’s usage for us."
ISIS reportedly obtained only 5% of its financing through donations coming from abroad, the remainder originating from within Iraq itself. They are also reportedly the richest jihadist group in the world, with assets estimated at over $2 billion.