U.S. Treasury Targets Gaza Crypto Business
The U.S. Treasury has sanctioned several individuals and entities supporting Hamas terrorist operations, including a Gaza-based exchange, Buy Cash Money and Money Transfer Company, which the Treasury claims has a history of financing terrorist groups.
The US is taking swift action against Hamas’s financiers and facilitators following the brutal massacre of Israeli civilians, including children. Buy Cash, a financial exchange linked to wallets seized by Israel’s National Bureau for Counter Terrorist Financing in 2021, is accused of materially supporting Hamas, including bitcoin. The owner of the exchange, Ahmed M. M. Alaqad, has also been sanctioned. The US is taking decisive action to target Hamas’s financiers and facilitators.
(With inputs from Shikha Singh)
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