Argentina Authorities Freeze Crypto Wallets Associated with Terrorism Financing
Argentina is stepping up its efforts to stop the use of crypto in the financing of terrorism. The country’s Financial Information Unit (UIF) recently uncovered possible links between local crypto platforms and the Syrian militant group Hay’et Tahrir Al-Sham (HTS), known for its connections to Al Qaeda. The UIF oversees counter-terrorism funding and anti-money laundering activities in Argentina. The regulator collaborated with blockchain analysts over a six-month period to dig into these activities. Using advanced blockchain tracing software, the experts traced the movement of digital assets across multiple wallets. Their findings revealed connections to ransom payments and financial transfers possibly…
