The role of cryptocurrencies in financing international

Abstract

The success of terrorist organizations in maintaining traditional resources to finance terrorist operations is sufficient to push them away from virtual currencies and their usual risks, as long as they are able to sell oil and transfer funds between their territories, and as long as their funds remain safe from attacks and persecution by the international community. Encrypted virtual currencies are characterized by high degrees of secrecy, privacy, and decentralization - and extremist religious groups And terrorism that adopts violence as a means of operation and expansion, and studying indicators indicating the growing importance of these currencies in circulation, exchange, and commercial transactions, nd in financing extremist religious groups and organizations, and financing the purchase of weapons and equipment used by these groups. It is a decentralized currency with no competent authority, and no central bank responsible for issuing it, and it is not subject to the restrictions of international banking and monetary institutions. This is a significant advantage that has attracted many individuals and groups to its circulation. Had international institutions and organizations been able to subject this currency to international oversight, or to a central authority, it would have lost its most important advantage, and terrorist and extremist organizations would have been unable to exploit it further.