Islamic State Is Increasingly Using Crypto, Like Tether, to Fund Africa Activity

Islamic State is increasingly using cryptocurrencies such as Tether to raise and move money around the world, including in Africa, according to a group of nations formed to combat financing for the militant group.

While IS still mostly relies on informal money services such as cash couriers, affiliates including in West Africa are making payments using virtual assets, the Counter ISIS Finance Group said in a fact sheet posted on the US Treasury’s website.