How blockchain technology indirectly become source of funding for terrorists

7 322
Avatar for hafsa.mansoor
Written by
  13
3 months ago

cryptocurrency came in the world with the purpose of decreasing poverty throughout the world. but there is always two methods to use new technology in a good or bad way, its totally depend on yourself how to use it. today, same case with the cryptocurrency some people using it in a good way or some in a bad way.

Did you know research shows that last year millions of dollars funded for terrorist activities through blockchain technology??. yes it is...

Terrorist attacks often require for huge funding because they need money to buy weapons and other stuff. in my opinion terrorists is the face in front of the word, there are other big powers who are behind this face who dont want to come forward in front of the world. they dont want their identities to be exposed. so they always find easy way to funding for terrorist activities. countries like pakistan, afghanistan, india and many more third world countries where nobody cares how their citizens earn cryptocurrency. you can easily exchange cryptocurency into national currency and withdraw in local mobile accounts. terrorist taking advantage of it they send funding in small amount to many local accounts which become huge funding for terrorists.

research shows that even terrorist starts investing in bitcoin to increase their funds. as i said before every new technology comes with advantages and disadvantages. but its upto you how to use it.

THANKS FOR READING 

$ 0.05
$ 0.05 from @Read.Cash
Avatar for hafsa.mansoor
Written by
  13
3 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

It really is an unfair use of the Technology. Transfer money to any part of the world to any blockchain address within minutes and without getting tracked and transferred millions and trillions of funds . That has been the case for countries like Iran has used it as advantage to use crypto payments to counter U.S sanctions and it has become the primarily choice for money laundering and carrying terrorist activities easily with counter payments worlwide...

$ 0.00
1 month ago

That would be really smart of them, having their funds on a public ledger, where anyone can trace where the money goes and where did it come from.... forever! Terrorists aren't that stupid. Fiat (especially cash) is still their money of choice - easily exchangeable, accepted everywhere, no traces of movement.

$ 0.02
3 months ago

i agree with you, but this is the number one reason why crypto banned in pakistan. government not ready to legalize crypto because they cant control it .

$ 0.00
3 months ago

government not ready to legalize crypto because they cant control it .

I think it's the number one reason why they want to ban crypto everywhere. It's just that many developed countries won't allow that to happen, but more authoritative countries would just love to ban crypto all together. The thing is.. you can't ban crypto. :) You can ask everyone not to use it, even tell people they'd go to jail for using it, but you can't force people not to use it. You can't ban math :)

$ 0.01
3 months ago

I think it's the number one reason why they want to ban crypto everywhere

I think this is also the number one reason why they want to ban cash everywhere

$ 0.00
2 weeks ago

hahaha right, crypto banned in Pakistan and I am trading crypto in Pakistan lol. governments wants pull-down crypto but crypto adoption increases day by day.

$ 0.05
3 months ago

Exactly my point.

$ 0.00
3 months ago
About us Rules What is Bitcoin Cash? Roadmap Affiliate program Get sponsored Self-host
hello@read.cash (PGP key) Reddit