{"id":78739,"date":"2023-10-31T01:00:09","date_gmt":"2023-10-31T05:00:09","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/japanese-government-freezes-assets-of-crypto-exchange-linked-to-hamas\/"},"modified":"2023-10-31T01:00:12","modified_gmt":"2023-10-31T05:00:12","slug":"japanese-government-freezes-assets-of-crypto-exchange-linked-to-hamas","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=78739","title":{"rendered":"Japanese Government Freezes Assets of Crypto Exchange Linked to Hamas"},"content":{"rendered":"<div>\n<figure id=\"attachment_123654\" aria-describedby=\"caption-attachment-123654\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-123654\" class=\"wp-caption-text\">Source: Adobe \/ Catalin Pop<\/figcaption><\/figure>\n<p>The Japanese government has taken action to freeze the assets of nine Hamas operatives and a cryptocurrency trading company that were involved in financing the terrorist organization. This decision was reached during a cabinet meeting on the 31st October, Yonhap News reported.\n<\/p>\n<h2>Governments Sanction Exchanges for Financing Hamas<\/h2>\n<p>\nHamas, a Palestinian armed political faction, has been involved in ongoing conflict with Israel, which Japan\u2019s Prime Minister Fumio Kishida has labeled as terrorism.<\/p>\n<p>Japan\u2019s sanctions, which come into effect immediately, are intended to disrupt the flow of funds to Hamas.<\/p>\n<p>Chief Cabinet Secretary Hirokazu Matsuno, in a press conference, emphasized the government\u2019s commitment to counter-terrorism financing measures.<\/p>\n<p>He stated:\n<\/p>\n<blockquote>\n<p>\u201cWe will continue to review sanctions targets from the perspective of countermeasures against terrorist financing.\u201d<\/p>\n<\/blockquote>\n<p>\nThis action by the Japanese government closely follows similar measures taken by the United States. On the 18th, the U.S. government imposed sanctions on individuals and organizations with links to the Palestine-based militant group.<\/p>\n<p>These sanctions targeted nine individuals and one entity based in various countries, including the Gaza Strip, and were driven by allegations of terrorist associations.\n<\/p>\n<h2>Crypto Raised by Hamas Reported Out of Proportion<\/h2>\n<p>\nEarlier, a Wall Street Journal report claimed that Hamas received over $41 million in crypto donations in the lead up to the attack on Israel on October 7. The report was then cited by US lawmakers in congress to curb crypto in terror financing.<\/p>\n<p>However, these reports were then later refuted by the blockchain analytics firm Elliptic. The blockchain analytic firm reported that there is no evidence to support the assertion that Hamas received significant volumes of crypto donations.<\/p>\n<p>Analytics firm Chainalysis also put out a report questioning the accuracy of recent reports regarding the extent of cryptocurrency\u2019s role in terrorist financing.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/japanese-government-freezes-asssets-of-crypto-exchange-linked-to-hamas.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe \/ Catalin Pop The Japanese government has taken action to freeze the assets of nine Hamas operatives and a cryptocurrency trading company that were involved in financing the terrorist organization. This decision was reached during a cabinet meeting on the 31st October, Yonhap News reported. Governments Sanction Exchanges for Financing Hamas Hamas, a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-78739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Japanese Government Freezes Assets of Crypto Exchange Linked to Hamas | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Adobe \/ Catalin Pop The Japanese government has taken action to freeze the assets of nine Hamas operatives and a cryptocurrency trading company\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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