India must see Cryptos as a potential threat to National security

On March 30, 2020, 29 people who were part of a network that helped terrorists get money were arrested by French police. “Cryptocurrency coupons” were used to hide where money was coming from and where it was going. Two years ago, on March 30, 2020, this took place. People think that the French agents are part of the Hayat Tahrir Al-Sham, linked to Al Qaeda. Then, they sent the jihadists in Syria the credentials written on the coupons. The jihadists got the Bitcoin online using the credentials printed on the coupons.

France’s financial intelligence unit, Tracfin, was keeping a close eye on the group and was able to find the money going from France to Syria. The money from these coupons was then put into accounts that jihadists opened outside the country. The press found out about this from the office of the national anti-terrorism prosecutor.

One is that it makes it harder for people to make fake money. It can also be used anywhere in the world because there are no rules. It is also hard to find and hard to find out who did it. Because Bitcoin is a decentralized system, it can be sent from one user to another without a middleman like eBay or PayPal.

There are no security holes in Bitcoin, so it can’t be broken into. By using this digital money, a person can stop his “brothers” from having to pay taxes to people who don’t believe them. These “brothers” live outside of the Caliphate. At the same time, this person can give money to the mujahideen without putting them in any kind of legal trouble.

The Jihadists’ Use of Virtual Currency study was put out by the International Institute for Counter-Terrorism. This investigation found that cryptocurrency was used several ways to pay for terrorist activities.

In January of 2017, it was said that Bahrun Naim, an Indonesian who lived in Syria, helped the Islamic State do things. Some of these operations include helping to plan and carry out attacks in Bahrun Naim’s home country and paying for terrorism with Bitcoin and PayPal.

The people in charge of the website link to a Bitcoin donation page on each news story they post. Bitcoin is a type of digital currency that is not run by a central government. But zakat money couldn’t have been used to give something away.

At the beginning of December, the Meir Amit Intelligence and Terrorism Information Center released the results of a study it had done. It said that if people clicked on the link, they would be taken to a page on CoinGate, a website for trading Bitcoins, where they could donate. Instead, clicking the link takes you to a page on the site that was made on December 7, 2017, and each click on the page gives you a different Bitcoin address.

They tried to test it again on January 17, 2018, but the website had been taken down or removed from the internet, so the test could not be finished. Visit the Bitcoin Era app to receive an accurate view of the trading of bitcoins.

In December 2017, an online article about selling Islamic State coins was posted on the Islamic State’s website, Haq. The story was about how people were selling coins on the Internet.

16 In the summer of 2014, the Islamic State said it would start making coins out of gold, silver, and copper-based on how much those metals were worth. The newspaper Dabiq and the propaganda movie “Return of the Gold Dinar” told people about the new money (Al Hayat). Since the Islamic State was defeated, the coins are no longer used as money in the Caliphate. Instead, it looks like collectors are buying, selling, and trading them.

You can buy sets of seven coins on this site. Each set comes with two gold coins, three silver coins, and two copper coins. Each set will cost you USD 950. Only the virtual currency Bitcoin can be used to buy the sets. The website was registered on WHOIS on October 19, 2017, by a company in Moscow, Russia, that hides the identities of the website’s owners.