U.S. cryptocurrency exchange Coinbase has stated that the majority of terrorist funding still relies on traditional financial systems, such as cash, rather than cryptocurrencies. This comes in response to claims that the crypto industry facilitates transactions for malicious players. While some crypto stakeholders have highlighted their efforts to combat the illegal use of crypto for terrorism financing, Coinbase argues that the transparent nature of blockchain makes it easier to trace these transactions compared to cash payments. The exchange emphasizes that no currency, whether fiat, gold, or crypto, should be used to support terrorist organizations like Hamas. Coinbase concludes by urging the government to establish clear rules to regulate the industry and prevent offshore entities from engaging in illicit conduct.

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Information	Details
Geography	Middle East
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Paul Grewal
Companies	Binance, Hamas, Tether, Coinbase
Currencies	None
Securities	None