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International Business Times
International Business Times
Business
Marvie Basilan

DARK SECRETS: Crypto not a popular financing tool for hamas pij us treasury - The Real Truth

Hamas PIJ Crypto US Treasury Brian Nelson Tom Emmer WSJ Elliptic Wall Street Journal Israel
Cryptocurrencies aren't a preferred financing "tool" by Hamas or PIJ, the U.S. Treasury told House lawmakers Wednesday. (Credit: Traxer/Unsplash)

KEY POINTS

  • Undersecretary Nelson said the Treasury assessed terrorists still prefer "traditional" financing methods
  • He said the department assessed digital assets weren't a "popular tool" for Hamas or its ally, PIJ
  • The October 10 report by WSJ revealed that PIJ received up to $93 million in crypto between August 2021 and June 2023

The U.S. Treasury Department on Wednesday said cryptocurrencies played only a small part in the financing of terrorist activities by Palestinian militant group Hamas and its ally, the Palestinian Islamic Jihad (PIJ).

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