CoinVoice recently learned that Singapore’s internal survey on the national terrorist threat showed that terrorist organizations rely heavily on cash transfers to raise funds. In contrast, the adoption rate of cryptocurrency by terrorist organizations remains low.

The Singapore government has noted that various Islamic terrorist groups are increasingly using cryptocurrencies to raise funds for terrorist activities. However, the majority of the funding for the Islamic State of Iraq and Syria (ISIS) is still obtained through cash transfers. Wire transfers through financial institutions, money service companies and cash couriers remain the preferred method of raising funds for terrorist groups. [Original link]