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Crypto's Role in Conflict Funding: Global Shifts & Challenge
UPSC Daily Current Affairs
Nov 18, 2023
Cryptocurrency and Conflict Funding:
Geopolitics
Funding Hamas
The New Financial Warfare:
Digital currencies revolutionize funding streams for Hamas, with significant contributions originating from Iran.
Digital Shift:
A strategic turn to cryptocurrency facilitates less traceable funding, complicating regulatory oversight.
Global Implications:
The transition to digital funding reflects broader geopolitical dynamics and the evolving nature of conflict finance.
Regulatory Challenges:
It underscores the increasing efforts to monitor and control cryptocurrency use in international security contexts.
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