British sales advisor violates funding of Islamic state groups in BTC
A UK sales advisor has been convicted of sending BTC to supporters of Islamic State in the Middle East and is waiting to hear his verdict. So let’s read more in the Bitcoin News today.
The jury found Hisham Chaudhary, 28, a sales consultant guilty of sending BTC to IS supporters in the Middle East, and his sentencing is slated for September 3.approx. The British Broadcasting Corporation reported that a Birmingham Crown Court jury found Leicestershire-based Hisham Chaudhary guilty of using BTC to fund the State Islamic Group and online propaganda. During the investigation, the 28-year-old raised thousands and converted them into BTC, then sent the money to IS supporters who were freed from prison camps in Syria.
The sales representative denied the allegations, saying the act was for humanitarian purposes, but prosecutors played a “jihad” video about the war motives between terrorists leaked online by Chaudhary. In addition, British police arrested him in 2019 when they found equipment containing ISIS propaganda files in his home. Northeastern Detective Chief Supervisor Martin Snowden said:
“The prosecuted organizations pose a very real risk to our security. Anyone who supports such a group in any way will, without exception, be prosecuted. Despite the weighty evidence against him, Hisham Chaudhary managed to present himself as a humanist. In fact, he was a terrorist and was recognized as such by a jury. “
Court officials found the man guilty of seven terrorism acts, four of distributing terrorist publications, two of terrorist financing, and one of membership of a banned organization. He will be sentenced on September 3rdapprox. Various claims a year ago suggested that the terrorist organization ISIS might have $ 300 million worth of digital assets in war vaults, but blockchain analytics firm Chainalaysis says this theory is unlikely. The report recalls that the transparency of the cryptocurrency does not make it a perfect repository for illicit funds, as terrorists prefer cash for their operations:
“Cryptocurrency is also not necessarily the ideal storage mechanism for illegal funds. Unlike cash and other traditional forms of value transfer, cryptocurrencies are inherently transparent. Each transaction is recorded in a public ledger. With the right tools, we can prevent malicious actors from exploiting the system to fund terrorism and other crimes. “
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