Cryptocurrencies: Potential For Terror Financing
Ahmad Helmi Hasbi
Date of Issue2018-04-30
S. Rajaratnam School of International Studies
Given their transaction anonymity and user-friendliness, cryptocurrencies appeal to extremist groups as they offer a viable alternative to the mainstream financial system and fiat money which are perceived as ‘kafir’ (infidel) currencies. The threat of cyber-driven terrorist financing is expected to grow.
RSIS Commentaries, 075-18
Nanyang Technological University