[2015-11-23] Expert: terrorists may prefer informal money transfer to bitcoin

[milaliss]

Expert: terrorists may prefer informal money transfer to bitcoin
The system of informal money transfers known as “hawala” is hard to control. That is why terrorists may prefer it to bitcoin, says the Head of Russian E-Money association Dr Viktor Dostov.
http://www.coinfox.info/news/3810-expert-terrorists-may-prefer-informal-money-transfer-to-bitcoin

[RodeoX]

Hawalla is a hard target. It is part of traditional Islamic banking and is based on trusted members. I also think this is more of a problem than bitcoin for terror funding. It leaves no paper trail or blockchain reference.

[Chef Ramsay]

I'm sure Bloomberg will make sure and mention this the next time they bring up bitcoin: a wire transfer is better for terrorists to use than the easily trackable bitcoin. Especially since the hactivists just lynched their bitcoin account and stole damn near 10k coins.