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ISIS and Al Shabaab are utilizing cryptocurrencies like Tether for financing and global transactions, with ISIS focusing on Africa. Al Shabaab has been identified by the US for funding and money laundering activities in Africa, UAE, and Cyprus. Recent reports highlight the increased use of crypto by ISIS and Al Shabaab for militant goals in Africa.
US sanctions Kenyan bus firm, 15 others over $100m Al Shabaab funding #terrorism https://t.co/G0DWhwrRsW
Shabaab retakes territory as the U.S. sanctions one of its money laundering networks - https://t.co/UAmv3xZyjX https://t.co/i9e1LPos3Z
Islamic State Is Increasingly Using Crypto to Fund Africa Militant Goals https://t.co/MIDXnQiKJa
