Crypto Anti-terrorism Bill Introduced in the U.S. House of Representatives

Representative Ted Budd (R-NC) has enacted a new law to create an agency to combat the use of cryptocurrencies in terrorism. The bill, H.R. 296, is co-sponsored by Representatives Warren Davidson (R-OH), Stephen Lynch (D-MA), Byron Donalds (R-FL), and Darren Soto (D-FL) and was introduced into jurisdictions following the establishment of the working group. The bill also seeks to provide rewards for information leading to convictions related to digital currency earthquakes. It will establish Fintech's leadership in innovation and financial…

An Institute in Philippine Publishes a Report Regarding Cryptocurrency Use by Terrorists

One of the criticisms surrounding cryptocurrencies is the ability of people to use it to finance illegal and disastrous activities such as terrorism, kidnapping, and more. This has led to several researches by individuals, agencies, as well as organizations regarding the issue. The Philippines Institute for Peace, Violence and Terrorism Research (PIPVTR) published a report on May 20 which reveals recent transactions by terrorist groups related to Islamic State (IS) in Southeast Asia. The institute noted an increase in terrorism…