Why Hamas Makes use of Crypto to Increase Cash

WASHINGTON—The position of cryptocurrencies in illicit finance has come below renewed scrutiny after The Wall Avenue Journal’s report that Hamas and different militant teams used the know-how to lift tens of millions of {dollars} forward of their latest assaults in Israel.

Some lawmakers responded by calling for harder guidelines to curb crypto’s utility for criminals and teams below U.S. sanctions. Crypto companies say they work to maintain such customers off their platforms and argue that digital tokens will help regulation enforcement observe dangerous actors.