ISIS-Linked Blog Reportedly Says Bitcoin Could Used ‘Global Jihad

Jayanand Sagar | July 7, 2014 | 8:39 am

ISIS-Linked Blog Reportedly Says Bitcoin Could Used ‘Global Jihad

Jayanand Sagar | July 7, 2014 | 8:39 am

A Monday report on global news network Sky News is attracting major attention in the bitcoin community, it would appear. Entitled Global Jihad ‘Could Be Funded With Bitcoin’, the report discusses a recently-published blog post put up by a blog with connections to the Islamic State in Iraq and Syria (ISIS).

In that blog post (no link was provided in the original report by Sky), it was suggested that bitcoin could “enable jihad on a large scale,” by allowing terrorists to send “millions of dollars” to their fighters in the Middle East, or potentially to fund terrorist attacks.

That WordPress blog post, said to be titled “Bitcoin and the Charity of Violent Physical Struggle”, says that bitcoin would be tremendously difficult for Western Governments to track, even highlighting the Dark Wallet bitcoin wallet, which adds another layer of anonymity to bitcoin transactions.

The post reads in part:

This allows our brothers stuck outside of the ardh Dawlatul-Islam to avoid government taxes along with secretly fund the mujahideen with no legal danger upon them.

This system has the potential to revive the lost sunnah of donating to the mujahideen, it is simple, easy, and we ask Allah to hasten it’s usage for us.

Despite the potential seen in the digital currency by ISIS members (which is surely something most in the bitcoin community would like no involvement in), the U.S. Government, is said to be conducting counter-terrorism investigations with regard to bitcoin and virtual currencies.

Read the full report at Sky News here.

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