Jihadist and terrorist organizations involved in global attacks have used Bitcoin to fund their operations.
We submitted a 125-page report to the Prime Minister’s Office, the Ministry of Finance, and the RBI Governor on June 18, 2018. The report discusses the use of Bitcoin by ISIS and jihadist groups, highlighting their fundraising efforts after the fall of Raqqa in October 2017. It also covers terrorist fundraising activities in Gaza, a recently uncovered money-laundering operation in the United States, and instances where Bitcoin was used to finance notorious terrorist attacks. It begins by recounting an important article published in the summer of 2014 titled “Bitcoin was Sadaqat al-Jihad.” This article outlined various strategic reasons for jihadists to use Bitcoin and crypto-currencies.
