Hamas agrees to Israel, U S approving list of Qatar cash recipients
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PA official: Deal reached to send Qatari cash to Gaza, but challenges remain
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Israel Seized $7.7M in Bitcoin and Dogecoin Believed to be Controlled by Hamas Terrorist Organization Last Updated Jul 10, 2021 @ 07:01
According to a recent analysis, the Islamic terrorist group Hamas used numerous cryptocurrencies including Tether, Bitcoin, Ether, Dogecoin, and others.
Israel’s National Bureau for Counter Terror Financing ordered the confiscation of 84 crypto addresses considered to be linked with the terrorist organization Hamas. The analysis showed that these digital wallets received more than $7.7 million in cryptocurrencies.
Crypto Empowers Hamas
Israel’s minister of defense – Benjamin Gantz – signed a seizure order of 84 cryptocurrency wallets that the officials linked to the Palestinian militant group – Hamas. According to the Israeli government, these addresses were used in terror-related activities.
Illustrative: A Hamas-appointed government employee in Gaza signs a document to receive 50 percent of her long-overdue salary from funds donated by Qatar, while others wait in the queue, at the main Gaza Post Office, in Gaza City, December 7, 2018. (AP Photo/Adel Hana)
Israel is reportedly seeking to recruit new donor countries willing to funnel cash into the Gaza Strip to keep a threatened humanitarian crisis in the enclave from snowballing out of control.
Currently Israel allows Qatar to disburse millions of dollars in the Strip, enabling Hamas to pay for fuel for Gaza’s power plant, pay civil servants and provide aid to tens of thousands of impoverished families. The highly controversial payments are seen as a key pressure valve aimed at keeping tensions with the Strip to a minimum.