Israel Seizes Bitcoin Used by Hamas

Israel’s Defense Ministry says it has begun taking control of digital wallets being used by the Hamas terror group that contain virtual currencies from overseas donations.

Defense Minister Benny Gantz approved the seizure of a series of digital wallets on June 30 after a joint operation “uncovered a web of electronic wallets” used by Hamas to raise funds using Bitcoin and other cryptocurrencies, the ministry said.

The stockpiles of cryptocurrency were being operated from the Gaza Strip and have been part of Hamas’ efforts to raise funds from abroad following its bruising 11-day conflict with Israel in May.

Read the full story at The Times of Israel

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