ARIA | News

South African Authority Highlights Bitcoin's Role in Terror Funding

by aria-crypto.com

January 4, 2025 at 20:59

South African Authority Highlights Bitcoin's Role in Terror Funding

A recent arrest in Johannesburg by South African law enforcement points to the growing concern over the use of cryptocurrencies like Bitcoin in illegal activities. A 35-year-old man has been apprehended on suspicions of using Bitcoin to finance terrorist operations. The transactions in question were detected by the Financial Intelligence Centre (FIC) leading to a thorough investigation by the Hawks. The probe revealed Bitcoin purchases intended for an organization involved in supporting terrorism activities overseas. During the police raid, several incriminating items, including unsecured firearms, were seized. The case underscores the challenges that digital currencies pose to global security efforts, reflecting the necessity for enhanced monitoring of cryptocurrency transactions. The suspect is slated for a court appearance early next year, as authorities continue to unravel the network of financial transactions linked to terror funding.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

>> VanEck and US Crypto Community Anticipate Green Light for Solana ETF by 2025

Wealth investment firm VanEck has proposed a Solana (SOL) ETF, buoyed by the success of past cryptocurrency products and a welcoming climate after Donald Trump's election victory. Remarkably, the digital asset ...

43 minutes ago

>> CFTC Settles With Gemini Over Bitcoin Futures Misconduct

The Gemini Trust Company, co-founded by Tyler and Cameron Winklevoss, has consented to a $5 million civil penalty to resolve a lawsuit from the Commodity Futures Trading Commission (CFTC). The regulatory body c...

an hour ago

>> Vietnamese Police Expose Multimillion-Dollar Crypto Scam Networks

Vietnamese police arrested four individuals in Dong Nai Province for defrauding over 200 victims of approximately $157,300 through a fake crypto-mining website named BitMiner. The suspects, led by Tran Minh Qu...

4 hours ago

>> Court Document Exposes Intense US Government Crackdown on Crypto through FDIC and Coinbase Conflicts

Coinbase's Chief Legal Officer, Paul Grewal, revealed that unredacted letters indicate an aggressive push by the FDIC to stifle various crypto activities. The Freedom of Information Act requests by Coinbase bro...

4 hours ago

>> FCA Approvals Empower GSR's Global Crypto Trading Capabilities

GSR, a prominent crypto trading firm, has recently secured regulatory approval from the UK's Financial Conduct Authority (FCA). This certification marks GSR Markets UK Limited as a registered entity to engage i...

6 hours ago

>> MicroStrategy's Aggressive Bitcoin Acquisitions Yield Strong Returns

MicroStrategy Incorporated has significantly boosted its Bitcoin portfolio by purchasing an additional 1,070 BTC for approximately $101 million. Reflecting a confident stance in cryptocurrency investment, the a...

6 hours ago

>> US Ripple Rebounds Strongly in Post-Trump Election Environment

CEO Brad Garlinghouse of Ripple has reported a significant spike in US business activities following the victory of Donald Trump in the 2024 election. In the last six weeks of 2024 alone, Ripple signed more dea...

8 hours ago

>> EU and UAE Crypto Landscapes Altered by Stringent MiCA Regulations

The UAE is emerging as a safe haven for crypto businesses challenged by the EU’s new Markets in Crypto-Assets (MiCA) regulation, which is imposing heavy compliance costs, especially on stablecoin issuers. As o...

11 hours ago

>> South Korea's Jeju Island Innovates Tourism with NFT-Integrated Strategy

Jeju Island, located in South Korea, is set to revolutionize its tourism industry by introducing NFT-powered visitor cards in 2025 aimed at attracting younger, technology-savvy tourists. This initiative is a pa...

16 hours ago

>> Bitcoin and Microsoft: A Strategic Decision for Stability

Microsoft's recent decision to avoid adding Bitcoin to its balance sheet might well prove to be a prudent move. This action aligns with the company's broader strategy of maintaining financial stability and avoi...

21 hours ago

All the latest crypto news in one place

Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.

Launch Terminal