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Jakarta Post

Abusing virtual world to finance terrorism

  • Sylvia Windya Laksmi

Jakarta   /   Fri, July 15 2016   /  08:02 am

Over the past decades, advancements in modern technology have influenced the way societies assimilate information and have affected every sector of government operations.

In the macroeconomic sector, such as the global financial system, new innovations in payments and banking make it easier for customers to access and control their financial information with no boundaries. The technologies try to boost transactional competence though they sacrifice client anonymity.

Therefore, digital cash and crypto-currency issues put enormous pressure upon nation-states and legitimate governments. Online anonymous transactions have become a new emerging trend.

Against the backdrop of the Information Age, particular self-interested parties look to opportunities to exploit the information system for economic purposes. Virtual environments that maintain anonymity on the internet h...