How blockchain technology indirectly become source of funding for terrorists
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.
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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.