Terrorists Prefer Cash Over Cryptocurrency, Even Privacy Coins
An exhaustive report by the RAND Corporation concludes that cryptocurrency is less than ideal for terrorist organizations. Cash is still king for terrorists, for a variety of reasons, including the liquidity barriers that regulation and legalization of cryptocurrencies are presenting. The 99-page report focuses on three areas of terrorist financing: receipt, management, and spending. Only in the first category does cryptocurrency provide real benefits for terrorist organizations, as people can send money to them from anywhere in the world without limitations. However, if terrorists receive large amounts of cryptocurrency, it’s difficult to manage and use, as the report says: Large receipted sums are difficult to manage or spend anonymously, and cryptocurrencies still require infrastructure to manage and spend.