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Reuters
Reuters
Business
By Nidal al-Mughrabi

Hamas armed wing announces suspension of bitcoin fundraising

Palestinian Hamas supporters attend a rally marking the 35th anniversary of the movement founding, in Gaza City, December 14, 2022. REUTERS/Mohammed Salem

The armed wing of the Palestinian Islamist group Hamas said on Thursday it would stop receiving fundraising via the crypto currency bitcoin, a method it has used for years, citing an increase in "hostile" activity against donors.

"This comes out of concern about the safety of donors and to spare them any harm," the group said in a statement late on Thursday, adding that it had seen increased efforts to prevent people and groups sending it bitcoin funds.

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