Cryptocurrency News Today: Report: Telegram token sale could enable more cryptocurrency-funded terrorism
Terrorist organizations have used social media and Cryptocurrency to raise money for a number of years, but messaging app Telegram’s upcoming token launch has caused some to become increasingly concerned.
A report by the Washington-based Middle East Media Research Institutes (MEMRI) has found that terrorist organizations like ISIS, Al-Qaeda and Hamas are using Telegram and social-media platforms to raise Cryptocurrency, the Jewish News Syndicate reports.
One of the most concerning findings of the report is that the upcoming distribution of Telegram‘s Gram token and launch of its Blockchain network will likely make the situation worse.
The report found numerous examples of terrorist organizations using Telegram to spread fundraising materials that ask for donations in cryptocurrencies like Bitcoin.
According to the report, MEMRI staff have been briefing Western government agencies on the findings. They have also been trying to solicit the support of Telegram CEO Pavel Durov to take action against