Israeli NGO threatens lawsuit over Hamas bitcoin use – Israel News


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Palestinian Hamas militants attend a military drill in preparation to any upcoming confrontation with Israel, in the southern Gaza Strip March 25, 2018. .
(photo credit: IBRAHEEM ABU MUSTAFA / REUTERS)

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A right leaning Israeli NGO focused on civil rights warned a cryptocurrency firm on Tuesday because they believe Hamas is using Bitcoin to fundraise.

“It has recently come to our attention that the notorious Palestinian terrorist group Hamas currently maintains an account with Coinbase, Inc. (“Coinbase”), through which it is accepting donations,”  Shurat HaDin, an Israeli law center, wrote in a letter to Coinbase, one of the largest cryptocurrency brokerages. “Therefore, I am writing to notify Coinbase that knowingly providing material support or resources to Hamas is a violation of U.S. federal criminal law, and to demand that Coinbase immediately terminate any and all accounts and services provided to Hamas.”

The US has banned transactions with terrorist organizations since 1995, under the America’s Anti-Terrorism law.

In recent events, other organizations such as PayPal have shut down accounts linked to Palestinian terrorism.


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