The UN announced the use of cryptocurrencies by “advanced” terrorists

Terrorist groups have turned to cryptocurrencies to fund activities. About it stated during the meeting coordinator for combating the financing of terrorism in UN Svetlana Martynova.

As technology advances, attackers adapt to changing conditions, she said.

“If terrorists are excluded from the formal financial system and want to buy or invest in something anonymously, the most advanced ones are more likely to abuse cryptocurrencies,” the UN spokeswoman said.

Despite this, cash and hawalaMartynova added.

UN Secretary-General António Guterres noted that new technologies have “unrivaled potential to improve the lives of people”, but the harm they cause goes far beyond the financing of terrorism.

“Terrorists are misusing new technologies to spread disinformation, stir up divisions, recruit and radicalize, mobilize resources and launch attacks,” he said.

To counter the abuse of digital assets, the UN plans to involve states in regulating the industry.

“We have very clear global standards from FATF and resolutions of the UN Security Council,” said Svetlana Martynova.

She added that few countries have begun work on regulation, and even fewer are “successfully applying it” to curb illicit activity.

Recall that last month the US Treasury asked the public for comments on the role of digital assets in illegal operations, in particular, financing of terrorism.

Previously, experts explained why the risks of using bitcoin for money laundering and terrorism are overestimated.

Terrorist groups have turned to cryptocurrencies to fund activities. About it stated during the meeting coordinator for combating the financing of terrorism in UN Svetlana Martynova.

As technology advances, attackers adapt to changing conditions, she said.

“If terrorists are excluded from the formal financial system and want to buy or invest in something anonymously, the most advanced ones are more likely to abuse cryptocurrencies,” the UN spokeswoman said.

Despite this, cash and hawalaMartynova added.

UN Secretary-General António Guterres noted that new technologies have “unrivaled potential to improve the lives of people”, but the harm they cause goes far beyond the financing of terrorism.

“Terrorists are misusing new technologies to spread disinformation, stir up divisions, recruit and radicalize, mobilize resources and launch attacks,” he said.

To counter the abuse of digital assets, the UN plans to involve states in regulating the industry.

“We have very clear global standards from FATF and resolutions of the UN Security Council,” said Svetlana Martynova.

She added that few countries have begun work on regulation, and even fewer are “successfully applying it” to curb illicit activity.

Recall that last month the US Treasury asked the public for comments on the role of digital assets in illegal operations, in particular, financing of terrorism.

Previously, experts explained why the risks of using bitcoin for money laundering and terrorism are overestimated.