The charm of cryptocurrencies for white supremacists
White power, dark money
ON AUGUST 11TH 2017 far-right groups from all over America came to Charlottesville, Virginia, to protest against the removal of a Confederate statue. The next day a white supremacist drove his car into a crowd of counter-protesters, killing one of them. In the aftermath PayPal, an online-payment platform whose terms of service forbid raising money to promote hate, suspended extremists’ accounts. So did Apple Pay and Google Wallet. Visa and Discover, two credit-card firms, followed suit, as did Patreon, a crowdfunding site. Far-right groups found themselves in search of other places to raise money. What many of them embraced was cryptocurrency.
This article appeared in the United States section of the print edition under the headline “White power and dark money”
United States February 5th 2022
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- A new study finds preschool can be detrimental to children
- A safe and simple abortion option becomes more readily available
- The loneliness of the desert tortoise
- The charm of cryptocurrencies for white supremacists
- America is stagnating—demographically, that is
- America is uniting against Vladimir Putin
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