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<ul><li>Coinbase outlines a robust compliance program to trace and prevent terrorist financing, emphasizing that &#34;no currency&#34; should be used for such activities.</li><li>Binance has frozen 100 accounts linked to Hamas and is cooperating with Israeli authorities to provide data on an additional 200 accounts.</li><li>Tether has frozen over 30 addresses, accumulating $873,118 in collaboration with Israel&#39;s National Bureau for Counter-Terror Financing.</li></ul>Coinbase, a prominent cryptocurrency exchange, has taken a strong stance against the use of digital currencies for funding terrorism. In an official <a href="https://www.coinbase.com/blog/our-approach-to-preventing-illicit-activity-in-crypto" rel="noopener noreferrer nofollow">blog post</a>, the company outlined its comprehensive compliance program aimed at preventing illicit activities. This includes Know Your Customer (KYC) checks, sanctions screening, and suspicious activity reporting.The exchange also utilizes blockchain analytics technology to trace and prevent terrorist financing. Coinbase&#39;s blog post cited, &#34;No currency of any type - whether it’s fiat, gold, or crypto - should ever be used to support Hamas or any other terrorist organizations.&#34;This comes amid Israeli authorities <a href="https://www.timesofisrael.com/liveblog_entry/israel-shuts-down-hamas-cryptocurrency-accounts/" rel="noopener noreferrer nofollow">seizing cryptocurrency accounts</a> linked to the Palestinian group. The <a href="https://cryptotale.org/israeli-police-accuses-a-businessman-of-fraud-in-290-million-crypto-scam/" rel="noopener noreferrer nofollow">Israel Police&#39;s</a> Cyber Unit, in collaboration with national intelligence agencies, has effectively blocked these accounts on centralized exchanges. The exact number of accounts and the amount of funds seized remain undisclosed.Tom Alexandrovich, executive director of Israel’s National Cyber Directorate, has previously <a href="https://www.ft.com/content/e03a370b-777f-46c2-8576-d1cee731efe2" rel="noopener noreferrer nofollow">emphasized</a> the urgency of the situation:Read full article at <a href="https://cryptotale.org/coinbase-strengthens-compliance-measures-to-combat-terrorism-financing/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Coinbase Strengthens Compliance Measures to Combat Terrorism Financing

CryptoTale

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