Singapore Terrorism Threat Assessment Report: cash still preferred by terrorist organizations over cryptocurrencies

Singapore's Ministry of Home Affairs (MHA) Internal Security Division (ISD) has released the “Singapore Terrorism Threat Assessment 2024”, which highlights the increasing use of cryptocurrencies by various Islamist terrorist organizations to raise funds for their terrorist activities as a result of the heightened threat of terrorism to the country due to global instability. However, despite the growing use of cryptocurrencies, the primary means of financial transactions for ISIS and its affiliates remains cash.