Far-right groups have found themselves in search of other places to raise money. Many of them have embraced cryptocurrency
The Southern Poverty Law Centre , an advocacy group, has identified over 600 cryptocurrency addresses used by members of the far right. They include ones associated with Andrew Anglin, publisher of a neo-Nazi website, the Daily Stormer; Andrew Auernheimer, a white-supremacist hacker; and Don Black, founder of a white-power online forum. They advertise their wallets on their websites and social media, asking for donations. And they get them.
The wider crypto scene is often imbued with an anti-establishment spirit. Its fans proclaim that decentralised blockchains will revolutionise finance. This idea appeals to libertarians or those who distrust the traditional banking system. But it also appeals to anti-Semites. Those who believe banks hold too much power because they fear Jewish control over business will be seduced by the idea of an independent or decentralised financial system.
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