#Bitcoin is #IslamicState′s online currency venture #ISIS

 

 

 

 

017741702_40100“Islamic State’s” latest ploy in its quest to carve out a state from nations in the Middle East and Africa illustrates a political project that encompasses all aspects of life, especially those which concern finance and economy.Intent on transforming itself from a group of militants from disparate backgrounds to a recognized nation, the “Islamic State” is continuing to buildup state-like institutions and services, including schools, hospitals and now a treasury.Its apparent use of the decentralized technology Bitcoin has come at nearly the same time as IS minted and released its own currency, the “gold dinar.” The group’s use of the two currencies, however, will likely serve different purposes.Donations through digital transactions

Source: Bitcoin: ′Islamic State′s′ online currency venture | News | DW.COM | 20.09.2015

Advertisements