June 27 (Cointime) - The Israeli government has confiscated millions of dollars worth of cryptocurrency from accounts linked to the Quds Force and Hezbollah. Defense Minister Yoav Gallant ordered the seizure of the digital wallets and transfer of funds to the Israeli government, in the first operation of its kind against the two terrorist organizations.
The mission was a joint effort between several Israeli agencies, and Gallant warned that the seizure should serve as a warning to anyone involved in financing terrorism.
Cryptocurrencies, particularly Bitcoin, are being used by Hezbollah and the Quds Force to finance their activities, and nations under US sanctions are also attempting to create their own virtual currencies to bypass financial restrictions.
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