【South African authorities arrest a man suspected of using Bitcoin to fund terrorist activities】Golden Finance reports that a South African law enforcement agency recently arrested a 35-year-old man suspected of using cryptocurrency to fund terrorist activities. The investigation began in May 2018 when the Financial Intelligence Centre (FIC) and investigation team received information about suspicious transactions related to suspected terrorist financing. It is alleged that on November 30, 2017, the suspect purchased $614 worth of Bitcoin through the virtual asset service provider Luno and transferred funds from the suspect's bank account to Luno's escrow account. Subsequently, the Bitcoin was transferred to another wallet associated with an unnamed 'independent' organization. South African law enforcement stated that preliminary investigations showed that these funds were transferred to provide weapons, economic assistance, and other projects to 'participants' in another country. After determining the purpose of the funds, South African law enforcement executed a search warrant on October 24 at the suspect's residence, seizing several items, including firearms that were not legally secured. The man is expected to appear in the Lichtenburg Magistrate's Court on January 6.

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