UN Says Crypto Use in Terror Financing Likely Soaring
- Counter-terror legal expert says enforcement of rules lagging
- Traditional methods like cash are still favored by criminals
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A United Nations official said more cases of crypto use in terror-financing are being detected amid stepped up scrutiny of such practices.
A couple of years ago 5% of terrorist attacks were viewed as crypto-financed or linked to digital assets, but “now we’re thinking that it may reach about 20%,” Svetlana Martynova, senior legal officer at the United Nations Counter-Terrorism Committee Executive Directorate, said in an interview in Mumbai.