Singapore Terrorism Threat Assessment Report: Terrorist Organizations Still Prefer Cash Rather Than Cryptocurrency

The Ministry of Home Affairs (MHA) of Singapore's Internal Security Division (ISD) released the "Singapore Terrorism Threat Assessment Report 2024", which pointed out that due to global instability, the threat of terrorism to the country has increased, and various Islamic terrorist organizations are increasingly using cryptocurrencies to raise funds for terrorist activities. However, despite the increasing use of cryptocurrencies, the main means of financial transactions for the Islamic State and its affiliates is still cash. (Cointelegraph)