security

Technology-Savvy Terrorist Groups Seen Embracing Cryptocurrency – Bloomberg Law


July 22, 2021, 6:35 PM

U.S. officials are worried about an increase in cryptocurrency use by terrorist organizations as the technology becomes easier to handle.

Groups are in a “nascent stage” with digital money but are increasingly using it for fundraising, said Stephanie Dobitsch, deputy undersecretary in the Department of Homeland Security’s Office of Intelligence and Analysis.

“The concern for us is that as the technology advances and becomes more user-friendly, that we’re going to see more activity,” she told lawmakers Thursday during a hearing before the House Homeland Security Intelligence & Counterterrorism Subcommittee.

Cryptocurrency can be difficult to track, making it a popular tool …



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