Islamic State Using More Crypto to Fund Africa Militant Goals

Islamic State is increasingly using cryptocurrencies such as Tether to raise and move money around the world, including in Africa, according to a group of nations formed to combat financing for the militant group.

While IS still mostly relies on informal money services such as cash couriers, affiliates including in West Africa are making payments using virtual assets, the Counter ISIS Finance Group said in a fact sheet posted on the US Treasury’s website.

IS no longer holds the swathes of Syria and Iraq it controlled a decade ago, but offshoots, especially in Africa, continue to wage violent campaigns. ...