“Crypto is not an efficient route for terrorist financing”

“Anyone who tolerates cryptocurrencies accepts terrorist attacks,” said Zeit-Online in a recent interview. Headlines like this have been read since the war in Israel began. In the USA, politicians are calling for a “hard crackdown” on the industry because of terrorist financing. For example: the US Democrat Elizabeth Warren. But experts contradict this. More and more violent.

According to Elliptic, Hamas has received $41 million in crypto donations since 2021. However, there is often no access at all because the accounts have been frozen by secret services, governments and companies. For comparison: the militia receives $100 million from Iran every year.

The analysis company Chainalysis also warns: The numbers are used to create sentiment. We spoke to Andrew Fierman about the topic. He is Head of Sanctions at Chainalysis. He previously worked in the same position for Barclays, BNP Paribas and other major financial services companies. What’s true about the allegations?

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