US Warns Nazis Use Bitcoin to Finance Terrorism
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During a hearing on Wednesday for the U.S. House Financial Services Committee, experts highlighted that bitcoin (EXANTE: Bitcoin) as unregulated cryptocurrency is actively used by domestic terrorist groups, e.g. white supremacists, reports.

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The New Jersey Office of Homeland Security and Preparedness Director Jared Maples expects that domestic terror groups would likely increase their use of bitcoin for financing their campaigns.

American politician serving as a member of the U.S. House of Representatives Brad Sherman claims that Nazis can also use the potential of cryptocurrencies in case if it works well for Hamas.

U.S. Sets Sights on Crypto in Terrorism

Maples pointed out that the U.S. domestic terrorist groups "had taken cues" from Hamas in financing their operations with the help of cryptocurrencies due to their convenience, privacy, and secrecy. He also added that a $60,000 bitcoin donation had been sent to Andrew Anglin, The Daily Stormer Publisher, after the attack in Charlottesville, Virginia.

Earlier iHodl reported that according to the latest report published by the non-profit organization Middle East Media Research Institute (MEMRI), terrorist groups like ISIS, Al-Qaeda and Hamas are using Telegram to raise funds in cryptocurrencies.

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