Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Among others, the sanctions targeted Buy Cash Money and Money Transfer Company, a company that the Treasury said had a long history of financing terrorist groups.
“The United States is taking swift and decisive action to target Hamas’s financiers and facilitators following its brutal and unconscionable massacre of Israeli civilians, including children,” said Secretary of the Treasury Janet Yellen in a statement. Buy Cash , previously tied to wallets seized by Israel’s National Bureau for Counter Terrorist Financing in 2021, is accused of"having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Hamas," according to the Treasury. The business included bitcoin among the assets in which it dealt.
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