Is Bitcoin a terrorist threat? The Department of Defense thinks it might be.Submitted by Allegory on Mon, 05/05/2014 - 13:46
Defense Department to Study Bitcoin as Terrorist Threat
The Combatting Terrorism Technical Support Office is heading a program that will help the military understand how modern technologies could pose threats to national security.
Apparently this includes bitcoin and other virtual currencies, the International Business Times reported. According to Bitcoin Magazine a memo detailing some of the CTTSO project states:
“The introduction of virtual currency will likely shape threat finance by increasing the opaqueness, transactional velocity, and overall efficiencies of terrorist attacks.”
One of the greatest concerns reportedly rests with the anonymity afforded bitcoin transactions. The transactions are public, but the people involved in the operations are unnamed.