The US Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a Gaza-based Bitcoin exchange called Buy Cash, along with its founder, for their alleged ties to Hamas. This comes after Israel froze one of the exchange’s Bitcoin wallets for its connection to a Hamas fundraising campaign. The sanctions also target individuals associated with Hamas’s investment portfolio and senior Hamas officials. These actions are part of a broader effort to support Israel against Hamas following recent attacks.
AI Sentiment: Negative
