A UN official announced at a special meeting of the UN Counter-Terrorism Committee (CTC) that Terrorists’ interest in cryptocurrencies It is increasing day by day.

According to a UN official, cash and remittances remain the most popular methods Financing of terrorism It is considered, but some terrorist organizations have also become interested in digital currencies in recent years.

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Terrorists’ interest in cryptocurrencies

According to Svetlana Martynova, head of the United Nations Counter-Terrorism Financing Division, terrorist groups that have been left out of the formal financial system have turned to digital currencies to finance their activities.

This UN official announced during his speech at the special session of the UN Counter-Terrorism Committee (CTC) that he used new and emerging methods to fight against terrorism will do

Terrorists' interest in cryptocurrencies;  The official report of the United Nations has been published!

Martynova believes that despite the popularity of cash and remittances, terrorists have adapted to new and innovative methods and are busy using these methods to carry out their criminal activities. Meanwhile, cryptocurrencies have created a golden opportunity for terrorists to exploit. He further added:

If terrorists are excluded from the official financial system and want to make anonymous investments, they will use digital currencies.

The United Nations’ response to terrorist activities

Antonio Geterres, Secretary General of the United Nations as well The use of cryptocurrencies by terrorists confirmed According to Guterres, cryptocurrencies have a unique potential to improve the human condition, and the harm caused goes far beyond the financing of terrorism.

Terrorists and others with hateful ideologies are using new and emerging technologies to spread disinformation, fuel discord, and radicalize.

In response to the question of how the United Nations plans to deal with the actions of terrorists at the international level, Martynova stated that the main challenge is the harmonization of governments with global regulations. He further added:

We have provided a very clear global standard. The Financial Action Task Force (FATF) and the UN Security Council resolution have provided these standards to governments.

Non-cooperation of governments with the United Nations

According to Martinova, few countries comply with UN regulations. This is one of the main reasons Terrorists’ interest in cryptocurrencies Are.

The United States of America has taken measures at the state level to prevent the activities of terrorists. US Department of the Treasury Tornado Cash crypto mixer banned due to money laundering and cybercrime concerns.

A number of blockchain-based companies such as Chainalysis and Elliptic have also conducted activities in recent years to track cybercriminals and report their activities to governments. This shows the interest of terrorists in cryptocurrencies.

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Source: cointelegraph

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