Hamas just received two donations to its bitcoin wallet on Coinbase according to a report Sunday by Globes, Israel’s oldest Hebrew-language daily evening financial newspaper. The donations, totalling $2,500 USD worth of BTC originated from an unknown source in the southern Gaza Strip city of Khan Yunis.
Hamas is a Palestinian Sunni Islamic fundamentalist organization which has acted as the de facto governing authority of the embattled Gaza Strip since assuming power in the area in 2007. It is widely regarded as a terrorist organization by Israel, the United States, and the European Union. Consequently, the Globes report says the donations to Hamas are a breach of Coinbase’s terms of service.
Coinbase had not responded to CCN’s request for comment prior to publication.A Financial and Humanitarian Crisis in The Gaza Strip
The Palestinian organization started soliciting bitcoin donations last month out of desperation in response crippling economic sanctions against the Gaza Strip by Israel and the United States. Although Hamas has received financial backing from Iran in the past, Iran is currently facing financial trouble of its own due to U.S. sanctions.#Hamas invites the ppl around the world to support #Gaza by sending BitCoin in order to break the israeli siege since 13 yrs 🇵🇸 pic.twitter.com/oZ2MuYq71p — Ahmad Matar 🇵🇸✌ (@AhmadMatar21) January 29, 2019
A representative for the military wing of Hamas, the Izz ad-Din al-Qassam Brigades, said:“Support the resistance financially through the Bitcoin currency.”
Nearly 2 million Palestinians live in the Gaza Strip, and whatever opinion one may have of their government and the Israel-Palestine conflict, most of those nearly 2 million people are not considered terrorists, and the embargo against the Gaza Strip, enforced by the military blockade, is leaving the people who live there destitute.Two Bitcoin Donations to Hamas Totaling $2,500
The blockchain activity...