A bipartisan group of US lawmakers is urging the Biden administration to swiftly crack down on the use of cryptocurrencies by Hamas and its affiliates following the Palestinian militant group's deadly attack in Israel earlier this month.
A letter sent on Tuesday to the US Treasury Department and the White House from 105 lawmakers led by Senators Elizabeth Warren, Roger Marshall and Representative Sean Casten, expressed "grave concern" that Hamas and an affiliated group called Palestinian Islamic Jihad were using digital assets to fund their operations and evade US sanctions.
The Biden administration on Wednesday issued sanctions aimed at disrupting Hamas' funding, singling out what it said was "a secret Hamas investment portfolio", a financial facilitator tied to Iran and a Gaza-based cryptocurrency exchange. Israeli police on Oct 10 said it had frozen several crypto accounts that were used to solicit donations for Hamas. Reuters reported in May that Israel had seized around 190 crypto accounts at crypto exchange Binance since 2021, including dozens it said were owned by Palestinian firms connected to Hamas.
From its inception, the cryptocurrency community touted digital assets as vehicles for anonymous transactions, and a slew of federal enforcement actions for fraud, money laundering and unregistered coin offerings has put the industry in the spotlight.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden lands in Israel, to consult on Israel-Hamas warHe begins a visit to consult on the spiralling Israel-Hamas war. Read more at straitstimes.com.
Read more »
Police, NParks will reject applications to hold public events relating to Israel-Hamas warThey cited safety and security concerns amid heightened tensions over the war. Read more at straitstimes.com.
Read more »
Biden lands in Israel, to hold talks with Netanyahu about war with HamasHe begins a visit to look into the spiralling Israel-Hamas war. Read more at straitstimes.com.
Read more »
Israel-Hamas conflict could have implications on ASEAN centrality as members adopt different stances: ExpertsAll 10 members of the regional bloc have issued separate statements on the crisis, but the grouping has yet to respond as a whole.
Read more »
What can Biden's visit accomplish as Israel-Hamas conflict escalates?Analysts said that despite the risks, Mr Biden’s visit is necessary as it is not just a show of US support for its long-time ally, but also an opportunity to contain the conflict.
Read more »
Algerian Atal suspended by Nice for Israel-Hamas conflict postAlgeria international Youcef Atal was suspended by Nice on Wednesday for a social media post about the Israel-Hamas conflict, the Ligue 1 club said on Wednesday.Defender Atal, who has been at Nice since 2018, has since deleted the post.
Read more »