The Izz ad-Din al-Qassam Brigades reportedly said the move is to protect donors from harm.
The military arm of the Palestinian militant group Hamas will stop accepting donations in bitcoin (BTC), news outlet Shehab reported on Thursday.
The outlet cited a message posted to a telegram group believed to be run by the military wing Izz ad-Din al-Qassam Brigades. Hamas, which is listed as a terror organization by the U.S. and U.K., has been accepting bitcoin donations for some time, apparently using platforms like Binance to launder proceeds until the wallet was frozen.
The Brigades said in the Telegram post that it will halt donations via the cryptocurrency for “the safety of the donors … especially in light of the intensification of the prosecution and the doubling of the hostile effort against anyone who tries to support the resistance through this currency.”
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s5