Crypto is a poor form of money for jihadists because they usually need to purchase goods with cash often in areas with unreliable technology.
According to this Forbes articleSo they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.
According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"
So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !
According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.
So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.
Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.
No way, how do terrorists know Bitcoin?
I think terrorists don't have time to play bitcoin, and it seems they prefer to do transactions with real money, not using bitcoin.
What I know is that terrorists usually carry out robberies. They are heavyweight criminals.
If true terrorists have made transactions using bitcoin as their transaction to buy weapons, that means we all have to be vigilant, that terrorists on the network are already roaming.