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Sporadic evidence of terrorists’ use of digital currency has been in existence since 2012 and there is no doubt that in recent months this trend has been growing and taking shape and now holds a prominent presence online. ICT’s Cyber-Desk reviewed documented cases of jihadists’ use of virtual currency. The research concludes that the use of virtual currency is prevalent among activists at various levels, including the organization itself, e.g., the Islamic State; support groups and propaganda, e.g., Haq Web site, Akhbar al-Mulsilimin website, Jahezona group; and individuals, e.g., the recent cases of Bahrun Naim and Zoobia Shahnazi.
This article is part of the RED-Alert project, funded by the European Union’s Horizon 2020 research and innovation Programme under grant agreement No 740688.