In a major crackdown on misuse CryptocurrencySouth African authorities have arrested a 35-year-old accused of using digital assets to finance terrorist operations. The arrest operation carried out FalconsThis follows a lengthy investigation sparked by alerts about possible terrorist financing activities. Since May 2018, information has been disclosed from Financial Intelligence Center The FIC played a crucial role in uncovering suspicious cash movements linked to this case. It is worth noting that the suspect transferred approximately $614 to… Bitcoin On November 30, 2017, through a bank transfer to the virtual asset service provider, Luno. This cryptocurrency was later transferred to a wallet believed to be linked to an unnamed organization with possible links to financing terrorist groups. Authorities assert that preliminary findings indicate that these transactions facilitated support for armed groups abroad, raising serious concerns about the intersection Cryptocurrency regulation And national security.
Source: https://en.coinotag.com/breakingnews/south-african-authorities-arrest-suspect-for-funding-error-with-bitcoin/