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Crypto terror: Pakistan warns of digital currency crime spike | Arab News
Thursday, 04 February 2021
ARAB NEWS
KARACHI: Police in Pakistan say the use of digital currencies, including bitcoin, for international terror financing, as well as crimes such as extortion and ransom, is on the rise as authorities move to crack down on illegal methods of money transfer. Bitcoin is the most common virtual currency and is used as a vehicle for moving money around the world quickly and anonymously via the web without the need for third-party verification. Militant groups worldwide, including Daesh, are increasingly calling on supporters to donate using the digital currency.
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News on 'Digital currency'
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