Hamas uses a global financing network, including cryptocurrencies, to bypass international sanctions.
group Hamas uses a global financing network to funnel support from charities and friendly nations, passing cash through Gaza tunnels or usingHowever, Hamas, which governs the Gaza Strip, will face even more obstacles accessing funds after the rampage by the group’s gunmen that killed hundreds of Israelis, mainly civilians. Israel has responded with the heaviest bombardment of Gaza in 75 years of conflict.
Hamas officials could not be reached for comment for this story. In the past, Hamas has said financial restrictions placed on its donors were an attempt to neutralise legitimate resistance against Israel.Hamas, sanctioned as a terrorist organisation by the US, Britain and other countries, had increasingly used cryptocurrencies, credit cards or contrived trade deals to avoid mounting international restrictions, Levitt said.
However, since last weekend’s violence, prominent Hamas-linked support groups had moved just a few thousands dollars through crypto, TRM noted. Qatari aid provides $100 to the poorest Palestinian families and extends the period of electricity during a day in Gaza “Qatari aid provides $100 to the poorest Palestinian families and extends the period of electricity during a day in Gaza,” a Qatari official said in response to a request for government comment, adding that it had helped “maintain stability and quality of life for … Palestinian families”.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The week that was: Escalating Israel-Hamas war, Nandipha’s ‘inhumane treatment’The Eyewitness News bulletin with Jane Dutton.
Read more »
Egypt plans summit on ‘Palestinian cause’ as fighting between Israel, Hamas intensifyingUS Secretary of State Antony Blinken arrived in Cairo as the Gaza war rages.
Read more »
Netanyahu vows to demolish Hamas, as Israel urges Gazans south - SABC News - Breaking news, special reports,Israel's Prime Minister Benjamin Netanyahu vowed on Sunday to 'demolish Hamas' as his military prepared ground operations in Gaza to root out the militant
Read more »
Israel determined to ensure the safety of its civilians: Ambassador - SABC NewsIsrael is preparing for a ground offensive against Hamas.
Read more »
Eritrean asylum seekers in Israel: 'Our second country is bleeding'Eritrean asylum seekers in Israel relocate for a second time following Hamas's surprise attack.
Read more »
Iranian Foreign Minister Meets With Head of Hamas Political Bureau in QatarSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »