Recently, the Internal Security Department under Singapore's Home Affairs Ministry released the '2024 Singapore Terrorism Threat Assessment Report'. The report reveals the current terrorist threat to Singapore. The report highlights that terrorism activities pose an increasing threat in a global environment marked by uncertainty and instability. It specifically points out that as technology advances and the global financial system evolves, terrorist organizations are increasingly inclined to use cryptocurrencies for fundraising. Notably, while the role of cryptocurrencies in this area is growing significantly, the report clearly states that the Islamic State and its affiliates still opt for cash as their primary means in executing financial transactions. This finding underscores the indispensable role of cash in terrorist financing activities and reflects the continuous impact of traditional financial instruments in combating terrorist financing.