Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
The crown prince of Serbia and former Yugoslav kingdom, Philip Karadjordjevic, says any Arab country could adopt Bitcoin “sooner than we think”.
- Prince Philip of Serbia says any Arab country could adopt Bitcoin
- According to his readings of the Quran, “in reality, Bitcoin is the perfect money.”
- Believes adoption will be faster than expected
The monarchy, that institution that curiously still exists in the 21st century, has said little about cryptocurrencies. Few are the characters of the crown that have spoken of Bitcoin.
Conspicuously, Britain’s 101-year-old Queen Elizabeth has appeared in the crypto media on a couple of occasions, firstly interested in Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. and then statingla necesidad de regular cripto.
The other one who has spoken, this one in a very enthusiastic way, about cryptocurrencies is Filip (Philip) Karadjordjevic, Crown Prince of Serbia and the former Kingdom of Yugoslavia . The latter had already said in March of this year that liked Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. because it was synonymous with “freedom”. Now he has spoken out again and suggested that some of the Middle Eastern countries, such as Jordan and the United Arab Emirates (UAE), among others, may soon adopt Bitcoin. Esto lo dijo en una entrevista episode 13 of the podcast of Bitcoin Reserve broadcast yesterday.
According to him, the majority of these monarchies use Sharia law which, among other things, implies a specific financial system that does not recognise the concept of debt. Therefore, they might be open to accept a launch of the Bitcoin como el dinero perfecto en línea con este sistema.
“According to their readings, according to the Koran, actually Bitcoin is their perfect money. It’s just a matter of time until someone tells them that, or they tell themselves that, and they get on board. You might see an Arab monarchy or an Arab country here or there adopting Bitcoin a lot sooner than you think.”
Adoption in Arab countries
It is worth noting that according to Chainalysis the Middle East is one of the fastest growing cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. markets in the world, accounting for 7% of global trading volumes.
Especially in the United Arab Emirates, there is a lot going on, from a regulation this year. Varios exchanges hanllevado oficinas for there. Earlier, in September 2021, financial regulators in the United Arab Emirates reached an agreement to officially allow and support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. cryptocurrency trading in a free economic zone in Dubai.
In this regard, in March of this year, the Chairman of the Shariah Advisory Board of the Islamic Bank, Irshad Ahmad Ijaz, who is also a Mufti or Muslim jurisconsult with public authority, affirmed that digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies are not a fictitious currency currency is a medium of exchange that defines value. and which must be legalized once certain conditions are met. And since July 2020, the advisory board of the Sharia in Malaysia allows the use of cryptocurrencies en exchanges registrados.
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