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U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism

The Treasury's top official on terrorism, Brian Nelson, said Hamas and other groups still prefer traditional financing, and crypto isn't figuring into their funding in a big way.

A top official with the U.S. Department of the Treasury confirmed earlier reports that Hamas relied heavily on crypto were faulty. (Jesse Hamilton/CoinDesk.)
A top official with the U.S. Department of the Treasury confirmed earlier reports that Hamas relied heavily on crypto were faulty. (Jesse Hamilton/CoinDesk.)