Israel’s authorities are continuing to crack down on those and companies that they believe are involved in funding terrorist financing. They seized digital assets worth just over $800,000.
According to a local report, Benny Grantz, the Defense Minister, has signed the order to seize the funds. The total amount is NIS 2.6million (or approximately $840,000) in unidentified crypto assets. Sources claim that the former has strong connections to Hamas in Gaza.
We will continue to pursue terrorist funding. Gantz commented that the blow to Hamas’s ability to transfer funds through digital currency is an important tool in developing security systems.
Israel’s Authority for Combating Terror Financing and Money Laundering previously stated that it would impose new regulations for certain digital financial products, such as cryptocurrencies. It seeks to reduce the use of crypto in criminal activity and terrorist fundings.
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