Fuel

Coin

<ul class="wp-block-list news-points">
 <li>HTS militants use cryptocurrency for fundraising amid Syria’s political upheaval.&nbsp;&nbsp;</li>
 <li>Informal crypto businesses thrive in conflict zones, strengthening digital currency use.&nbsp;&nbsp;</li>
 <li>Syria’s geopolitical ties with Iran and Russia may drive future crypto adoption.&nbsp;</li>
</ul>
Syria’s political landscape has shifted dramatically with the <a href="https://www.chainalysis.com/blog/cryptocurrency-in-war-zone-syria/" target="_blank" rel="noopener noreferrer nofollow">collapse of the Assad regime</a>, which ruled the country for over 50 years. As the conflict enters a new phase, cryptocurrency has emerged as a key tool for militants, sparking debates about its role in Syria’s economy.
While crypto adoption remains limited in Syria, the ongoing conflict has led to increased use of digital currencies. Opposition faction HTS has actively used crypto for fundraising. Farrukh Fayzimatov, an HTS member, has solicited crypto donations via social media.
<h2 class="wp-block-heading" id="h-militant-fundraising-through-digital-currencies">Militant Fundraising Through Digital Currencies</h2>
Fayzimatov, also known as Farrukh al-Shami, faced U.S. Treasury sanctions in 2021 for spreading propaganda and gathering crypto donations. Despite surviving an assassination attempt earlier this year, he continues to use digital assets to raise funds, underscoring crypto’s growing role in militant operations. … 
The post <a href="https://coinedition.com/militant-groups-fuel-crypto-adoption-in-syrias-war-torn-regions/" rel="noopener noreferrer nofollow">Militant Groups Fuel Crypto Adoption in Syria’s War-Torn Regions</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Militant Groups Fuel Crypto Adoption in Syria’s War-Torn Regions

Table of Contents

Coin Edition

Other articles published on Dec 16, 2024

Top Meme Coins with Potential: BTFD Coin, Notcoin, and COQ Inu

MicroStrategy Expands Bitcoin Holdings to 439,000 BTC Ahead of its Nasdaq 100 Listing

PEPE and DOGE hold steady while 1FUEL’s privacy features gain attention in DeFi

Altcoin Market Eyes $2.36T Breakout Amid Bitcoin Rally and Utility Token Focus

AI Program Developed To Tackle Hate Speech Menace in India

BTFD Coin's Explosive Presale Takes Over the Best Meme Coin Presales to Invest in Now as Turbo an...

Join our free newsletter for daily crypto updates!