Considering that there are still many terrorist groups or insurgents groups around the world right now fighting with weapons that probably cost a lot. Do you guys think that they use cryptocurrencies in order to fund their armies or do they stick with trading with cash or trading valuable resources that they have?
I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders dont really accept cryptocurrency and they stick with the older methods of payment.
By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.
If you have taken a look into what is sold on the dark markets you would be amazed with what is sold there, from all sorts of illegal stuff, from drugs to guns and even mercenaries, and with all of these things sold using bitcoin and other cryptos that are hard to track their destination and their source, there is no doubt that some terrorists and mafia are using it, as it provides the perfect shade for them, and this one of the controversies that is debated about the anonymity of the crypto.
Well, with such anonymity at such a perfection level, one thing we almost can't deny is that the use of crypto as a payment method will be very popular with terrorists and criminals who want to buy illegal goods but I also believe that only a handful of criminals use this option because this perfection is also a disadvantage in payment methods. First, we cannot know who the person in the back is and the reliability of the cargo, if payment has been sent, we will not have a chance to refund, the government can even anonymize right here to play with terrorism