US Sanctions Exchanges Connected to Hamas, Alleging Crypto Transactions Being Used to Facilitate Terrorist Activity
Jose Nino
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On January 22, 2024, the United States government imposed a fifth round of sanctions against alleged Hamas financing networks since the terrorist organization’s October 7 attack on Israel. The US government is specifically targeting currency exchanges as key financing vehicles for the resistance organization in addition to cryptocurrency transfers.
In an effort to choke off Hamas’ ability to finance its resistance efforts against Israel, American authroties have targeted the currency exchanges they claim are used by Hamas-connected owners in order to move millions of dollars worth of money for the Palestinian terrorist group, which includes cryptocurrencies.
“Hamas has sought to leverage a variety of financial transfer mechanisms, including the exploitation of cryptocurrency, to channel funds to support the group’s terrorist activities,” declared Brian Nelson, the undersecretary for terrorism and financial intelligence at the Treasury Department.
There is growing evidence that Hamas and its allies have allegedly transferred millions of dollars worth of cryptocurrency via currency exchanges—money service businesses that generally deal with large volumes of international currency transactions on a daily basis. These allegations bolster ruling class fears that crypto is used by terrorist organizations to facilitate massive transactions and finance their nefarious activities.
The US originally classified Hamas as a terrorist organization back in 199. In doing so, it greatly limited the group’s ability to tap into the international banking system. According to Western intelligence and security officials, Iran and its proxies usually own or run exchange houses as critical networks for funding their operations.
This action was taken by the Treasury Department in tandem with its Anglosphere satrapies in the United Kingdom and Australia.
Overall, the US appears to be continuing its imperial behavior of sanctioning countries, entities, and individuals that it doesn’t like. On top of that, the ruling class here is trying to lump one of the most innovative technologies in present times — cryptocurrencies — as a means of fully discrediting it among the public.
These latest actions demonstrate why this entire fiat-based foreign policy interventionism system needs to be flushed down the toilet.
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