A Tel Aviv magistrate’s court has reportedly ruled allowing the Israeli government to seize all crypto from more than 150 digital wallets it has blacklisted for allegedly funding terrorist groups.
On Dec. 18, according to local Israeli media: reportIsraeli Defense Minister Benny Gantz says the court’s Dec. 15 ruling has already allowed authorities to seize an additional $33,500 from digital wallets linked to the Islamist militant group Hamas.
Prior to the court’s ruling, Israeli authorities were legally only allowed to seize digital assets directly related to terrorist activity, but were not allowed to put additional funds in the same wallet. . In December 2021, authorities seized $750,000 from her purse.
Hamas, the de facto governing body of Palestine’s Gaza Strip since 2007, has been classified wholly or partially as a terrorist organization by several countries and international blocs, including the United States, the European Union, Israel and the United Kingdom. .
Hamas started in January 2019. appeal to its supporters Send money using Bitcoin (Bitcoin) as a means of countering sanctions and economic isolation.
Ganz signed the order On July 9, 2021, authorized security forces to seize cryptocurrency accounts allegedly linked to the Hamas militant group.
Related: Israeli Chief Economist Presents Recommendations For Crypto Regulation
Authorities disclosed when Tether was included in the account (USDT),ether(ethereum), Dogecoin (Doge), XRP (XRP), Binance Coin (BNB), zcash (zek), Litecoin (LTC) and other altcoins.
In February, 30 cryptocurrency wallets from 12 exchange accounts linked to Hamas Seized by Israeli authorities likewise.
The exact value of the seized crypto assets has not been made public.
crypto is relatively Minor role in fundraising for terrorist groups. In early 2022, blockchain analytics firm Chainalysis will Small portion of crypto assets used for criminal activity.
