Experts Warn of Crypto’s Role in Terror Group Boko Haram’s Cross-Border Expansion

2025-06-29 22:54:37

Main Idea

Experts warn that Nigeria's unregulated crypto market is being exploited by terrorist group Boko Haram for cross-border transactions, facilitated by the decentralized nature of cryptocurrencies.

Key Points

1. Boko Haram is increasingly using cryptocurrencies for cross-border terrorism due to Nigeria's largely unregulated crypto market.

2. The decentralized nature of cryptocurrencies makes it difficult to track and regulate these transactions.

3. Economic necessity in Nigeria drives the high volume of daily crypto transactions, inadvertently aiding terrorist activities.

Description

Nigerian terrorist group Boko Haram is increasingly relying on cryptocurrencies, mobile money, and other digital tools to fund its operations, transferring millions acquired through ransoms, looting, and extorted “zakat” donations. Observers call these digital financing methods a “blind spot” in the fight against terrorism. Nigeria’s robust and largely unregulated crypto market, driven by economic necessity,

>> go to origin page