August 22, 2019 Various reports highlight the use of Bitcoin in Palestine, both for terrorist funding of Hamas and international remittances for civilians.

An NY Times report considers donation websites operated by the Qassam Bridges wing of Hamas, allowing ostensibly anonymous donations of Bitcoin through uniquely generated addresses. The mechanism has raised on the order of tens of thousands of dollars, and many terrorist financing experts expect these approaches to expand. In contrast, a CoinDesk report highlights the use of Bitcoin for international remittances from immigrants through a network of local brokers, who individually process about $5 million per month.

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