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Hamas cryptocurrency wallet in focus: Pushing for digital asset anti-money laundering laws? Hamas is aware that cryptocurrencies are traceable.

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Hamas cryptocurrency wallet in focus: Pushing for digital asset anti-money laundering laws? Hamas is aware that cryptocurrencies are traceable.

The escalating conflict between Israel and Palestine has put even Hamas' cryptocurrency wallets under scrutiny. Previously reported by The Wall Street Journal, "Hamas-linked cryptocurrency wallets received $41 million," which was used by anti-crypto Senator Elizabeth Warren to push for the Digital Asset Anti-Money Laundering Act. Ryan Selkis, founder and CEO of Messari, commented that Hamas has long recognized the traceability of cryptocurrencies.

Hamas Knows "Cryptocurrencies Are Traceable"

Messari founder and CEO Ryan Selkis responded to the previous report by The Wall Street Journal that "Hamas-related cryptocurrency wallets received $41 million" by stating that the reality is: Hamas stopped using cryptocurrencies for fundraising as early as April because they found that cryptocurrencies are traceable, and the addresses can be frozen, endangering supporters.

He even suggested President Biden to wire money directly to Hamas to prove a point!

The conflict between Israel and Palestine continues, with Binance cooperating with Israel to freeze Hamas accounts to cut off their financial support.

Elizabeth Warren Seizes the Moment to Push the "Digital Asset Anti-Money Laundering Act"

Ryan Selkis made these remarks in response to a tweet by U.S. Senator Elizabeth Warren. Elizabeth Warren is a well-known anti-crypto senator who, along with Roger Marshall, proposed the "Digital Asset Anti-Money Laundering Act" in December last year, calling for the Financial Crimes Enforcement Network (FinCEN) to issue guidelines related to digital assets, expanding KYC (Know Your Customer) rules to wallet providers, miners, validators, and other network participants. It also suggests that the Treasury Department prohibit financial institutions from using digital asset mixers, privacy coins, and other anonymous technologies for business transactions to strengthen the U.S.'s anti-money laundering rules on digital assets.

Elizabeth Warren cited The Wall Street Journal's report, emphasizing the connection between Hamas and cryptocurrencies, hoping to sound the alarm for legislators and regulatory agencies. She mentioned that an increasing number of bipartisan senators are uniting to combat crimes funded by cryptocurrencies, and now is the time to take urgent action to ensure that law enforcement has the resources and power to protect innocent people!