Israel’s “Iron Dome” air defense system has protected the country from air attacks, but recently, Hamas fired over 2,000 rockets into Israel from the Gaza Strip. The financing behind this attack has raised questions, and it has been revealed that terror groups, including Hamas, Palestinian Islamic Jihad (PIJ), and Hezbollah, have received significant cryptocurrency funding. To combat this, the US and UK have listed these groups as foreign terrorist organizations and imposed sanctions on them. The US Treasury Department has proposed new regulations to disrupt cryptocurrency transactions with Hamas and PIJ. Reports suggest that Hamas received $41 million in crypto donations between 2019 and 2023, while PIJ raised $94 million in cryptocurrency over recent years. Hamas has been using social media platforms to call for Bitcoin donations since 2019. While cryptocurrencies have gained prominence among terrorist groups for their ease and speedy transactions, it is important to note that most of Hamas’s funding comes from expatriates or private donors in the Gulf region.

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Information	Details
Geography	Middle East
Countries	🇮🇱 🇺🇸
Sentiment	negative
Relevance Score	1
People	Tom Keatinge, David Carlisle
Companies	Wall Street Journal (WSJ), Instagram, Buy Cash, Palestinian Islamic Jihad (PIJ), Hezbollah, Facebook, Deutsche Welle, Financial Crimes Enforcement Network (FinCEN), UK Treasury Department, al-Qassam Brigades, BitOK, Elliptic, United States Treasury Department, Hamas
Currencies	Ethereum, Dogecoin, Bitcoin
Securities	None