The Treasury Department has already imposed sanctions on 10 Hamas members, operatives, and other entities tied to the terrorist organization.
U.S. officials are urging cryptocurrency firms to take steps to prevent terrorists from accessing their platforms.U.S. Deputy Treasury Secretary Wally Adeyemo warned that if crypto firms don’t act to prevent illicit finances, the U.S. will take action.
"We're going to continue to take actions to make sure that Hamas no longer has access to the financing it needs to pay its fighters, to destabilize the region, and to take the actions that it’s taken in Israel,” said Adeyemo. In response to the Wall Street Journal, Elliptic, a London-based blockchain analysis provider, says there is no evidence that “Hamas has received significant volumes of crypto donations.”"Terrorists know they can use crypto in ways they could never use dollars,” said Sen. Sherrod Brown.“Hamas is already one of the world's most heavily sanctioned organizations, that means that the traditional channels for the global movement of money are largely closed off to them...
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