ISLAMABAD – As tensions between Pakistan, and Afghanistan continues unabated, a major security threat remained. Tehreek-i-Taliban Pakistan (TTP), formally labelled Khwarij, started systematic campaign to rake in donations via cryptocurrency.
Khwarij are sharing messages on its Telegram channel, urging supporters to financially aid the organization through Binance accounts. Experts warn that this could mark the beginning of a new era of militant fundraising in Pakistan.
As terrorist groups worldwide have used cryptocurrency before, its growing use in Pakistan is raising serious alarms.
International monitoring agencies warn that the Daesh is no longer useing Bitcoin or Tether, instead using Monerom that is almost impossible to trace. This trend is now spreading to other militant networks in the region.
Foreign researchers explained that networks in Pakistan also use Mobile wallets, Hawala network with cryptocurrency now becoming a dangerously effective new tool.
“More than one million Pakistanis are involved in cryptocurrency business. Experts warn that this legal vacuum provides a golden opportunity for extremist groups.
The government has formed a Crypto Council to regulate cryptocurrencies as without rules and regulations, it is very difficult to prevent this threat.
