The armed wing of the Palestinian Islamist group Hamas said on Thursday it would stop receiving fundraising via the crypto currency bitcoin, a method it has used for years, citing an increase in 'hostile' activity against donors.
Palestinian Hamas supporters attend a rally marking the 35th anniversary of the movement founding, in Gaza City, December 14, 2022. REUTERS/Mohammed SalemGAZA, April 28 - The armed wing of the Palestinian Islamist group Hamas said on Thursday it would stop receiving fundraising via the crypto currency bitcoin, a method it has used for years, citing an increase in "hostile" activity against donors.
The group, Izz el-Deen al-Qassam Brigades, Gaza's most powerful armed faction that has fought several wars with Israel over many years, renewed its call for "continued donation to Qassam and the resistance by all available means."Policymakers and regulators across the world have for years voiced concern over the illegal use of crypto, from money laundering to the financing of terrorism.
Hamas is designated a terrorist organization by the United States, Britain and the European Union. That means that, in the United States for instance, it is illegal to provide it with money or training, with financial firms in control of related funds obliged to report them to the authorities.
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