[2016-01-23] Lithuania Criticizes Bitcoin for Assisting Terrorism

[shane]

Lithuania Financial Crime Investigation Service (FNTT) Director Kestutis Jucevicius has officially announced to the public that digital currency Bitcoin should be used with caution as it is used to finance “terrorism.”

“In the future can cause a lot of problems, because the money purified system through bitcoin can benefit not only organized groups engaged in arms trafficking, trafficking in human beings and drugs, the possibility that in the future such a cash transfer schemes and cash transfers could be used by terrorists” said Jucevicius on Friday at a press conference.

http://www.newsbtc.com/2016/01/22/lithuania-criticizes-bitcoin-for-assisting-terrorism/

[1715256072]

1715256072

[aso118]

Lithuania Financial Crime Investigation Service (FNTT) Director Kestutis Jucevicius has officially announced to the public that digital currency Bitcoin should be used with caution as it is used to finance “terrorism.”

“In the future can cause a lot of problems, because the money purified system through bitcoin can benefit not only organized groups engaged in arms trafficking, trafficking in human beings and drugs, the possibility that in the future such a cash transfer schemes and cash transfers could be used by terrorists” said Jucevicius on Friday at a press conference.

http://www.newsbtc.com/2016/01/22/lithuania-criticizes-bitcoin-for-assisting-terrorism/

How is Lithuania even bothered about terrorism or even bitcoin? Moreover, what impact will Lithuania's FNTT director's statement have on bitcoin? Absolutely no impact.
I thought such small countries were off the radar of the jihadi terrorists.

[BellaBitBit]

Lithuania Financial Crime Investigation Service (FNTT) Director Kestutis Jucevicius has officially announced to the public that digital currency Bitcoin should be used with caution as it is used to finance “terrorism.”

“In the future can cause a lot of problems, because the money purified system through bitcoin can benefit not only organized groups engaged in arms trafficking, trafficking in human beings and drugs, the possibility that in the future such a cash transfer schemes and cash transfers could be used by terrorists” said Jucevicius on Friday at a press conference.

http://www.newsbtc.com/2016/01/22/lithuania-criticizes-bitcoin-for-assisting-terrorism/

How is Lithuania even bothered about terrorism or even bitcoin? Moreover, what impact will Lithuania's FNTT director's statement have on bitcoin? Absolutely no impact.
I thought such small countries were off the radar of the jihadi terrorists.

My thoughts exactly.  Why would the public need to be warned to use bitcoin if they are not partaking in terrorist activities. This will probably just be filed away as another irrational statement against Bitcoin and should not hold much merit.