Israel has announced that it would begin confiscating cryptocurrency assets used by Palestinian Hamas to fund its military wing. Security forces were instructed to confiscate the accounts by Israeli Defense Minister Benny Gantz on Thursday after a joint investigation “uncovered a web of electronic wallets” used by Hamas to generate cash using Bitcoin and other cryptocurrencies, according to the ministry. It further stated that Hamas has been conducting an internet fundraising drive for its military branch, which increased during the 11-day conflict in Gaza early This month.
The crypto sector in South Korea is witnessing one of the most significant transformations in its history. Between crypto exchanges and regulatory bodies, the last four years have been a turbulent tempest. Finally, in 2021, the government has laid down its foot. What happens next will determine whether South Korea's crypto legacy is made or broken.