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Islamic State is reportedly utilizing cryptocurrencies, specifically stablecoins like Tether, to raise funds and conduct financial transactions globally, with a focus on Africa. The Somalia branch of ISIS has emerged as a key revenue source for the terrorist group.
Islamic State Is Increasingly Using Crypto, Like Tether, to Fund Africa Activity https://t.co/Y0OhsZR2v7
I've seen this article boosted across X and other channels, asking everyone to wring their hands about ISIS increasing their use of crypto, particularly the centralized @Tether_to stablecoin. So we are all clear on the reporting here, this story is based off of a "Fact Sheet"… https://t.co/z4Nn0y2509
ISIS Increasingly Using Crypto to Fund Africa Militant Goals: Somalia branch has become a primary source of revenue #terrorism https://t.co/vkjarpVts4
