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Terror Finance in the Age of Bitcoin | The Cipher Brief

Terror Finance in the Age of Bitcoin | The Cipher Brief

Terrorists’ tactics evolve with the times. Just as we have seen an adaption of terrorist methods for sowing fear and distrust, so, too, we have seen their propaganda machines evolve to inspire audiences globally. Gone are the days of printed manifestos, pamphlets, or fuzzy VHS tapes. The internet now facilitates many-to-many recruitment messaging that reaches spectators in real time.

The key to bankrolling terrorist causes could also soon be found in the cyber domain.

Once such mode of financing is the growth of virtual currencies, particularly pseudo-anonymous cryptocurrencies such as bitcoin, capable of obscuring the identities of those transacting, and efficiently and verifiably funneling finances around the world.

Source: Terror Finance in the Age of Bitcoin | The Cipher Brief