Purpose
This purpose of this paper is to illustrate how terrorists finance their activities through cryptocurrencies.
Design/methodology/approach
A qualitative content analysis of 30 semi-standardized expert interviews with both illegal financial service providers and prevention experts developed understanding of the concrete techniques of financing terrorism through cryptocurrencies.
Findings
Terrorists could use Bitcoin to receive donations from their supporters.
Research limitations/implications
As the findings are based on semi-standardized interviews, they are limited to the perspectives of the 30 interviewees.
Practical implications
The identification of gaps in current prevention mechanisms is intended to provide legislators and intelligence agencies with insights into the operations of terrorism financers.
Originality/value
While the existing literature focuses simply on identifying areas that could play a role in financing terrorism, this paper describes concrete methods, taking both prevention and criminal perspectives into account.
