26 Jan '16, 11pm

Europol: No Confirmed Evidence Linking Islamic State to Bitcoin

Europol: No Confirmed Evidence Linking Islamic State to Bitcoin

A report drafted by EU law enforcement agency Europol has found that there is no evidence to back up reports linking the Islamic State (IS) to the use of bitcoin or other alternative digital currencies. Released on 18th January, the report is the product of a review held by EU member states and Europol in the wake of the 13th November Paris attacks. Included was the finding that there have been no recent changes in how IS has been seeking to finance its operations. The report reads: "There is no evidence however of IS-financing networks in existence. Despite third party reporting suggesting the use of anonymous currencies like bitcoin by terrorists to finance their activities, this has not been confirmed by law enforcement." Notably, bitcoin was the only payment method to be mentioned in Europol’s section on terrorist financing. The publication follows a 17th November repo...

Full article: http://www.coindesk.com/europol-no-evidence-linking-islam...

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