The Financial Action Task Force (FATF), a global financial crime watchdog, has released a report documenting how far-right groups are gravitating to crypto.
The report, titled “Ethnically or Racially Motivated Terrorism Financing,” provides multiple examples of cryptocurrencies—including both Bitcoin and “privacy coins”—being used by extremists who’ve been forced out of traditional financial channels.
“Without the ability to process credit card payments, some groups have moved to using virtual assets like Bitcoin to move funds,” the report said.
“Some extreme right wing groups have used so-called “privacy coins,” i.e. virtual assets that allow a user to maintain total anonymity when making blockchain transactions,” the FATF added. Privacy coins include cryptocurrencies such as Monero, Dash and Zcash, which obfuscate identifying information using a variety of cryptographic techniques.
Which groups use Bitcoin?
A who’s who list of far-right terrorists
Źródło: https://decrypt.co/74950/fatf-terror-financing-report-far-right-groups-turning-to-crypto
