Palestinian Islamist group Hamas has recently started requesting their supporters to start sending them Bitcoin in efforts to avoid the crippling sanctions placed on them by the US. This has become the very first time that the armed forces of Hamas have ever asked for financial support through the use of cryptocurrency.
According to information provided by Al-Jazeera, the Ezzedine al-Qassam Brigades made a press release through spokesman Abu Obeida, omitting details on how to donate to the cause, but made the message quite clear.
“Support the resistance financially through the bitcoin currency.”
Hamas, which currently has Gaza under its control, is cut off from any sort of aid and support and has been listed as a terrorist organization by several countries, including the US and European Union. While newly appointed Hamas leaders during 2017 did lead to a fresh wave of financial support from the populace of Iran, Iran was shut out from SWIFT, one of the world’s largest messaging network for banks to facilitate the transferring of currency.
This recent news does show some of the darker sides of cryptocurrency, the capability to be able to support a terrorist group financial, due to decentralized existence of the system. Other places have tried to the same thing to circumvent the sanctions placed on them by the US and other such countries. Venezuela is one of the many nations who’s countrymen have relied on crypto do to the poor financial situation it’s currently undergoing.