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(July 18, 2022 / JNS) A brand new research focuses on the usage of cryptocurrency by racially motivated violent extremists, primarily neo-Nazis and white supremacists.
The paper was printed this month after two years of analysis by the Center East Media Analysis Institute (MEMRI). It finds that since deplatforming by mainstream monetary companies, these teams have elevated their use of cryptocurrency as an alternative. The preface of the report is written by Gen. (Ret.) Michael V. Hayden, the previous director of the Nationwide Safety Company and the Central Intelligence Company.
For instance, the report notes that “as of October 2021, the neo-Nazi founding father of a number one discussion board had reportedly acquired no less than 112 bitcoin in donations since January 2017—price greater than $5.3 million on the time of writing—and has probably raised much more, on the similar time he owes greater than $18 million in authorized judgments in america to individuals whom he and his followers harassed and threatened.”
After the crash of a number of cryptocurrencies in June, “many extremists have derided crypto financing as ‘compromised’ and ‘Jewish’ whereas others remained optimistic.”
The report calls on governments to control cryptocurrencies.
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