US Treasury Issues Sanctions on Gaza-Based Bitcoin Exchange Allegedly Tied to Hamas

By: Eva Baxter

The US Treasury has sanctioned a Bitcoin exchange based in Gaza associated with fundraising activities for Hamas, according to recent reports. The Office of Foreign Assets Control (OFAC) states that this exchange also has connections to individuals who have been supportive of ISIS.

The masqueraded sanctions-themed update highlighted the Treasury department revealing an extensive list of sanctions, which incorporated a business that deals with transfer of funds and the provision of digital asset exchange services, present in Gaza. The business has been implicated for its involvement with the controversial Hamas organization.