Hamas plans to continue using cryptocurrencies for operations

Israeli Defense Minister Benny Gantz signed an order to seize more than $800,000 on cryptocurrency on its way to Hamas, but a spokesperson for the movement said that the Israeli announcement was exaggerated.
Cryptocurrency
An illustration picture taken in London on Dec. 30, 2021, shows gold plated souvenir cryptocurrency coins arranged beside a screen displaying a NFT (Non-Fungible Token) marketplace. - JUSTIN TALLIS/AFP via Getty Images
Ahmad Abu Amer.jpg
Ahmad Abu Amer
@ahmedmajd1

GAZA CITY, Gaza Strip — Israeli Defense Minister Benny Gantz signed an order to seize 2.6 million shekels ($830,000) in cryptocurrency on Dec. 31 from a money-exchange company Hamas runs in the Gaza Strip, called Mutahidoon.

According to Israel Hayom, Israeli Defense Ministry said the seizure was one of the largest in recent years and dealt a significant blow to the currency exchange.

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