Researchers in the Philippines Monitor Cryptocurrency Usage by Terrorists

A report from the Philippine Institute for Peace, Violence and Terrorism Research (PIPVTR) indicates that terrorist organizations affiliated with the Islamic State (IS) in Southeast Asia have recently conducted their first transactions using cryptocurrencies.

The findings, released on May 20, highlight how these funds are being utilized to support regional terror groups such as Jemaah Ansharut Daulah and the Mujahideen Eastern Timur in Mindanao.