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Terrorists Prefer Cash Over Cryptocurrency, Even Privacy Coins: Report

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An exhaustive report by the RAND Corporation concludes that cryptocurrency is less than ideal for terrorist organizations. Cash is still king for terrorists, for a variety of reasons, including the liquidity barriers that regulation and legalization of cryptocurrencies are presenting. Cash Is Still King for Terrorism The 99-page report focuses on three areas of terrorist financing: receipt, management, and spending. Only in the first category does cryptocurrency provide real benefits for terrorist organizations, as people can send money to them from anywhere in the world without limitations. However, if terrorists receive large amounts of cryptocurrency, it’s difficult to manage and

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* First published on ccn.com

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