Hamas Wanted a New Option to Get Cash From Iran. It Turned to Crypto.

In mid-2019, Israel’s navy used a precision strike on a slim avenue to kill a Hamas commander whom it referred to as Iran’s cash man in Gaza.

The commander ran an off-the-books system of remittances wherein trusted brokers shuttled bodily money and items throughout borders to settle clients’ balances. This so-called hawala community, as it’s identified within the Center East, funneled tens of tens of millions of {dollars} in financing from Iran to Hamas’s navy wing.