US Woman Funding ISIS With Bitcoin

[NeuroticFish]

Since decentralized crypto can't be controlled by the government, it's much harder for them to monitor it than the cash that they're the one providing the community. And with crypto transactions it's also harder to track than paper money. And it won't be that suspicious if you transfer big amount of money with crypto unlike cash.

They don't have to control crypto. They have to properly regulate the businesses that handle crypto.
Of course, it would not be a perfect measure, but money control is also far from perfect.

Being strict on crypto - especially on individuals - will most probably solve nothing and also may restrict human rights. Plus, it's not an easy task, especially as crypto is not physical.

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[Meowth05]

A woman, Zoobia Shahnaz of Long Island was sentenced to jail for 13 years for laundering money to fund ISIS using Bitcoin and other cryptocurrencies.

This types of stories are just rubbing salt to the wound of this infamous problem of cryptocurrency. This government seizures for cryptocurrency control is a likely solution to this growing problem of money laundering using cryptocurrency.

[davis196]

n order for her to fund money, Shahnaz defrauded banks and secured loans and credit cards under false pretenses to buy cryptocurrenc

So basically she used fiat money to fund ISIS.Buying cryptocurrencies was only to provide some kind of anonymity to the financial operation,which eventually failed.
This proves that banks are easy to get 'defrauded' and KYC policies and ID verification are useless,because criminals can use fake identities in order to get loans and credit cards.
By the way,is ISIS still active?I thought that ISIS was destroyed by the Syrian and Turkish armies.

[dothebeats]

This just goes to show how banks indirectly fund terrorism. With the amount of KYC details needed to be submitted before one can make transactions with the bank, it's alarming how many people still can get away with fraudulent activities and bask under the warmth of freedom. Cryptocurrency was only used as a vehicle to deliver the funds, but the main source of the funds are from loans on the banks. Without the latter, the former can't even be utilized, therefore no funds would have reached the terrorists. Anyway, good thing she was caught early in the game.