The RAND Study Shows that Cryptocurrencies are Not Popular Among Terrorist Organizations

Employees of the American analytical center RAND conducted a fairly large-scale study, which showed that the possibility that terrorists will use digital coins is not that great. Analysts have studied how terrorist organizations are using cryptocurrencies at the moment and, on the basis of these data, have analyzed their possible use in the future.

This study was called “Terrorist Use of Cryptocurrencies Technical and Organizational Barriers and Future Threats”. It says that nowadays digital coins occupy a negligible percentage in financing international terrorism. But at the same time, researchers are concerned about the increasing anonymity of coins and the lack of government regulations of these financial flows. If this trend does not change, then the risk of financing terrorism through cryptocurrency may increase significantly in the future.

This report states that proper control of the industry, as well as coordinated actions of intelligence organizations and law enforcement agencies, may prevent digital coins from being used by terrorist organizations.

Researchers believe that as long as this industry is subject to constant hacker attacks and increased volatility, it will not be seriously considered by terrorist organizations as their main financial instrument.

We want to remind you:

Crypto Will Hardly Ever Sponsor Terrorist Attacks Like 9/11

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