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RE: What is Happening To Cryptocurrencies?

in #blockchain7 years ago

It is due to issues related to regulation that been made after a discovery of terrorism in the world of currencies.

A former CIA counterterrorism analyst has claimed that jihadist groups are looking to boost their cash reserves on the rising value of Bitcoin.

Yaya J. Fanusie, the director of analysis at US think tank the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance says that although untraceable cash remains the global terror network’s preferred medium for moving funds, recent online activity shows that jihadist groups are turning to Bitcoin digital currency to attract funds from supporters.

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Oh wow. I hope this does not affect the crypto market so much