A new report published September 7 by the U.S. Foundation for Defence of Democracies’ (FDD) Center on Sanctions and Illicit Finance (CSIF) shows that digital currencies are ill-suited for financing terrorist groups.
The report was presented by CSIF director of analysis Yaya Fanusie at a hearing before the U.S. House of Representatives Subcommittee on Terrorism and Illicit Finance. During his speech, Fanusie considered several cases wherein terrorist groups used crypto to raise funds.