The US House Financial Services Committee has been discussing the use of Bitcoin in domestic terror financing, with some experts claiming it is now being used by neo-Nazi groups. Jared Maples, the New Jersey Office of Homeland Security and Preparedness Director, has said domestic terror groups are likely to ramp up their use of the cryptocurrency to fund their nefarious activities. He was joined by Anti-Defamation League Senior Vice President George Selim and Congressional Research Service finance expert Rena Miller. The trio predicted that with the rise of crypto awareness, it will become more widely used by white supremacists and other hate groups. Infamous crypto sceptic Congressman Brad Sherman was in agreement, saying: “If it works for Hamas, it will work for the Nazis too.” Maples likewise referenced Hamas and suggested domestic terrorists had taken a page out of its playbook in using Bitcoin for both secrecy and privacy. He alleged there had been a $60,000 donation in BTC given to Andrew Anglin, publisher of far-right media outlet The Daily Stormer, following the attack in Charlottesville, Virginia in 2017.

via yahoo: US officials claim neo-Nazi groups are using Bitcoin to spread terror