8/17/2021, 7:11:17 PMNegative. +1
On June 9, 2016 Rep. Keating made the following statement during a hearing entitled, "STOPPING THE MONEY FLOW: THE WAR ON TERROR FINANCE":
"Virtual currency platforms and digital finance allows organized crime and terrorist groups to commit crimes anonymously. Digital currencies could facilitate money laundering, alleviating the need for criminal infrastructures at their base."
Later in the hearing he also said:
"There has been a lot of focus with ISIL on use of cyber networks for propaganda and recruitment, but, also, the virtual currency exchange platforms are something of a concern, as well. Because it is public knowledge now that those involved in the Paris attack used prepaid cards to rent hotel rooms the night before the attack. We also have concerns with Bitcoin and other financing mechanisms."
Reference LinkSubmitted By: Anonymous
