[2015-06-13] BS: Terrorists eyeing Bitcoin and social media to fund jihad: US

[polynesia]

Terrorists eyeing Bitcoin and social media to fund jihad: US

http://www.business-standard.com/article/international/terrorists-eyeing-bitcoin-and-social-media-to-fund-jihad-us-115061300660_1.html

Terrorism financiers may try to use virtual currencies such as bitcoin to fund their operations as authorities crack down on the flow of illicit money through more traditional channels, the US Treasury Department said.

"Terrorist groups may use these new payment systems to transfer funds collected in the United States to terrorist groups and their supporters," the Treasury said in a report. The department cited as an example a blog post linked to Islamic State that proposed using bitcoin to fund global jihadist efforts.