Trump’s promise to loosen crypto regulations may be boon for extremist groups

guardian.co.uk (nprofile…z4y7)
✍️ The article discusses the potential impact of Donald Trump's presidency on cryptocurrency and its potential use by terrorist organizations and far-right extremists.
👉 Experts warn that a Trump presidency could lead to a relaxation of regulations on cryptocurrency, making it easier for terrorist organizations and far-right extremists to use it to finance their activities.
👉 Extremist groups are already using cryptocurrency to raise funds and purchase equipment.
👉 The incoming Trump administration has named a pro-crypto advocate as its new chief of the commerce department.
👉 Monero, a Bitcoin alternative with a higher degree of untraceability, has become popular with cybercriminals and terror groups alike.

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quoting nevent1q…5n3v

guardian.co.uk (nprofile…z4y7)

Trump’s policies could aid terrorist and far-right groups who use cryptocurrency to help quietly finance their endsThe return of Donald Trump in the White House is promising many things: mass deportations, an end to inflation, and perhaps the first cryptocurrency-friendly presidency, which is widely expected to loosen regulations on the emergent technology.While that is music to the ears of crypto investors and enthusiasts who poured money into his campaign, there are other unlikely winners for such policies, including far-right extremists and terrorist organizations who are using crypto to finance their ends. Continue reading...
https://www.theguardian.com/us-news/2024/nov/27/trump-crypto-extremism