US Treasury's Probe into $165 Million Crypto Transactions Possibly Tied to Hamas

Thursday, 14 March 2024, 03:00
The US Treasury is conducting an investigation into $165 million worth of cryptocurrency transactions involving US institutions that may have connections to the terrorist organization Hamas. The probe, as reported by the Wall Street Journal, sheds light on potential illicit financial activities within the crypto space, raising concerns about terrorist funding. The findings of this investigation could have significant implications for the financial sector and regulatory authorities.
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US Treasury's Probe into $165 Million Crypto Transactions Possibly Tied to Hamas

The US Treasury's Investigation

The US Treasury Department is currently looking into $165 million in cryptocurrency transactions carried out through U.S. institutions.

Possible Ties to Hamas

The transactions under scrutiny are suspected to have links to the terrorist group Hamas, raising concerns about illicit funding sources within the cryptocurrency market.

The probe, detailed by the Wall Street Journal, highlights the regulatory challenges and risks associated with digital assets in relation to combating terrorism financing.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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