Singapore’s government noted an increasing use of cryptocurrencies in terror financing, even though it acknowledges that cash and other informal value transfer systems remain the predominant means for financial transactions.
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Singapore’s government noted an increasing use of cryptocurrencies in terror financing, even though it acknowledges that cash and other informal value transfer systems remain the predominant means for financial transactions.
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![Pinterest](https://pinterest.com/pin/create/button/?url=https://web2.support/2024/07/26/crypto-use-in-terror-financing-rises-but-is-still-relatively-small-singapore/&media=https://web2.support/wp-content/uploads/2024/07/Crypto-Use-in-Terror-Financing-Rises-but-Is-Still-Relatively.jpg&description="As a global financial centre and transport hub with a significant migrant workforce, Singapore remains a potential source of funds for terrorists and terrorist organisations abroad," the report said.){kind=link}