U.S. Seizes Fake Website, Cryptocurrency Assets From Terrorist Groups

U.S. Seizes Fake Website, Cryptocurrency Assets From Terrorist Groups
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The U.S. said it seized millions of dollars in cryptocurrency assets and a fake website purporting to sell protective gear in an operation targeting the financial underpinnings of three terrorist groups.

The coordinated law-enforcement action targets the donation networks of al Qaeda and the al-Qassam Brigades, Hamas’s military wing, as well as a scheme to sell N95 respirator masks to U.S. health-care providers by Islamic State in Iraq and the Levant, the U.S. Justice Department said.

The action comes as the U.S. Treasury Department and other federal agencies consider new regulations for the cryptocurrency industry meant to counter terror financing and money laundering and that could mean exchanges and other companies would face steep fines if their platforms are used for…



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