US Treasury warns crypto firms not to fund Hamas during the Israel war – By Stephanie Sandoval (Scripps News) / Oct 28, 2023
The Treasury Department has already imposed sanctions on 10 Hamas members, operatives, and other entities tied to the terrorist organization.
U.S. officials are urging cryptocurrency firms to take steps to prevent terrorists from accessing their platforms.
This comes amid growing fears that Hamas may have used crypto to fund its attack on Israel.
U.S. Deputy Treasury Secretary Wally Adeyemo warned that if crypto firms don’t act to prevent illicit finances, the U.S. will take action.
“We know that when terrorist organizations like Hamas can’t use the United States and the U.S. dollar to get access to money, they try and find other currencies and other countries they can use,” said Adeyemo.
