US Treasury Imposes New Sanctions on Crypto Transactions Linked to Hamas

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has introduced a new round of sanctions against networks and facilitators involved in crypto transactions associated with the Palestinian militant group Hamas. This action, prompted by Hamas’ attacks on Israel in October 2023, targets financial facilitators who played significant roles in channeling cryptocurrency funds to support the group’s alleged terrorist activities. The OFAC, in collaboration with authorities in the United Kingdom and Australia, aims to curtail the exploitation of various financial transfer mechanisms, including cryptocurrencies, by Hamas. While the sanctions build on previous actions, specific crypto addresses were not disclosed in the announcement. (Source: Dailycoin)