Crypto used for terror funding in J&K? Agencies flag digital ‘hawala’ network; how it works

NEW DELHI: Security agencies have flagged a sophisticated “crypto hawala” network allegedly being used to bypass the country’s financial safeguards to funnel untraceable foreign funds into Jammu and Kashmir, raising concerns that the money is being used to finance terror activities in the Union territory, officials said on Sunday.

The development has put the security establishment on high alert.