Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities • PaulCrypto.com

Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities • PaulCrypto.com

A shariah compliance expert, the current chairman of the Shariah Advisory Council at Malaysia’s central bank and a shariah board member at many financial companies, says that cryptocurrency is a legit commodity that can be exchanged. Cryptocurrency and Shariah Compliance Cryptocurrency adoption …Read more at PaulCrypto.com A shariah compliance expert, the current chairman of the Shariah Advisory Council at Malaysia’s central bank and a shariah board member at many financial companies, says that cryptocurrency is a legit commodity that can be exchanged. Cryptocurrency and Shariah Compliance Cryptocurrency adoption and investments remain low in Muslim countries as people are still unsure of… More The post Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities appeared first on BTC Ethereum Crypto Currency Blog. Japan’s top policymakers appear to be disillusioned with the prospect of China running away as the world’s sole power when it comes to CBDC development. This […] Blockchain technology has been a prominent fixture in the United States General Election. While the technology won’t have a role to play in selecting the […] A shariah compliance professional, the present chairman of the Shariah Advisory Council at Malaysia’s central financial institution and a shariah As technology continues its hasty integration into every aspect of our lives, regulators across the globe struggle to keep up with the maddening pace of balancing state of the art technology with the use of traditional regulatory schemes.  The technology sector exists in a constant state of growth and improvement; thus, it is essential for …

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Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities

A shariah compliance expert, the current chairman of the Shariah Advisory Council at Malaysia’s central bank and a shariah board member at many financial companies, says that cryptocurrency is a legit commodity that can be exchanged.

Cryptocurrency adoption and investments remain low in Muslim countries as people are still unsure of its compliance with Islamic law. At the SCxSC Fintech Conference 2020 last week, Datuk Dr. Mohd Daud Bakar, an expert in shariah compliance, said that investors need more time to understand cryptocurrency from the shariah perspective.

Bakar is currently the chairman of the Shariah Advisory Council at the central bank of Malaysia, Securities Commission of Malaysia (SC), and the Labuan Financial Services Authorities. He is also a shariah board member at a number of financial institutions, including the Accounting and Auditing Organisation for Islamic Financial Institutions, Morgan Stanley (Dubai), Bank of London and Middle East (London), Noor Islamic Bank (Dubai), Jadwa-Russell Islamic Fund (Saudi Arabia), and Salama Islamic Insurance.

In Malaysia, the SC Shariah Advisory Council has declared that it is permissible for Muslims to invest in and trade cryptocurrencies, including bitcoin, on government-registered crypto exchanges.

Bakar explained that cryptocurrency is not regarded as legal tender, but it is a legit commodity that can be exchanged within the market, as long as it is not backed by “ribawi items,” like gold and silver, the Malaysian Reserve reported. The publication quoted him as saying:

It is a medium of exchange, and we cannot stop people to use commodities as medium of exchange. It is as good as buying an e-ticket or commodities in the market.

“This new development can open up so many interesting areas in Malaysia, in which crypto can be deemed as investment assets where people can buy and hold for trading,” he elaborated.

Bakar added that the Securities Commission of Malaysia has also made it possible for companies to issue coins as a method of raising capital, subject to certain restrictions through its fatwa resolution.

“Moving forward, the potential of this currency is great as it comes with the growing digital economy of the world,” he noted. “We can even develop our own stablecoin quite easily without any difficulty by the government and respective jurisdiction … We can have the coin backed by certain commodities, ventures or projects.”

What do you think about cryptocurrency from the shariah perspective? Let us know in the comments section below.

The post Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities appeared first on Bitcoin News.

Source: paulcrypto.com


Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities

Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities

shariah-compliance-expert-says-cryptocurrencies-are-legit-commodities

A shariah compliance expert, the current chairman of the Shariah Advisory Council at Malaysia’s central bank and a shariah board member at many financial companies, says that cryptocurrency is a legit commodity that can be exchanged.

Cryptocurrency adoption and investments remain low in Muslim countries as people are still unsure of its compliance with Islamic law. At the SCxSC Fintech Conference 2020 last week, Datuk Dr. Mohd Daud Bakar, an expert in shariah compliance, said that investors need more time to understand cryptocurrency from the shariah perspective.

Bakar is currently the chairman of the Shariah Advisory Council at the central bank of Malaysia, Securities Commission of Malaysia (SC), and the Labuan Financial Services Authorities. He is also a shariah board member at a number of financial institutions, including the Accounting and Auditing Organisation for Islamic Financial Institutions, Morgan Stanley (Dubai), Bank of London and Middle East (London), Noor Islamic Bank (Dubai), Jadwa-Russell Islamic Fund (Saudi Arabia), and Salama Islamic Insurance.

In Malaysia, the SC Shariah Advisory Council has declared that it is permissible for Muslims to invest in and trade cryptocurrencies, including bitcoin, on government-registered crypto exchanges.

Bakar explained that cryptocurrency is not regarded as legal tender, but it is a legit commodity that can be exchanged within the market, as long as it is not backed by “ribawi items,” like gold and silver, the Malaysian Reserve reported. The publication quoted him as saying:

It is a medium of exchange, and we cannot stop people to use commodities as medium of exchange. It is as good as buying an e-ticket or commodities in the market.

“This new development can open up so many interesting areas in Malaysia, in which crypto can be deemed as investment assets where people can buy and hold for trading,” he elaborated.

Bakar added that the Securities Commission of Malaysia has also made it possible for companies to issue coins as a method of raising capital, subject to certain restrictions through its fatwa resolution.

“Moving forward, the potential of this currency is great as it comes with the growing digital economy of the world,” he noted. “We can even develop our own stablecoin quite easily without any difficulty by the government and respective jurisdiction … We can have the coin backed by certain commodities, ventures or projects.”

What do you think about cryptocurrency from the shariah perspective? Let us know in the comments section below.

The post Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities appeared first on Bitcoin News.

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The post Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities appeared first on BTC Ethereum Crypto Currency Blog.

Source: cryptomoneyteam.co

Author: By TeamMMG


Japanese Policymaker Downplays Fears of Digital Yuan Dominance 

Japanese Policymaker Downplays Fears of Digital Yuan Dominance 

Japan’s top policymakers appear to be disillusioned with the prospect of China running away as the world’s sole power when it comes to CBDC development. This week, a government official praised the response of many countries to the issue of Central Bank Digital Currencies (CBDCs), explaining that it would make it more difficult for a single country to claim dominion. 

According to a Reuters report, Kenji Okamura, the vice-finance minister for Japan’s top financial diplomat, is confident about the country’s fast-tracked CBDC development and the prospect of blocking China from using its digital yuan as the world’s reserve asset. 

Okamura, who leads the Bank of Japan’s CBDC efforts, explained to the news source that more countries are using CBDC plans to bolster their financial systems, meaning that China’s head start might not amount to much at the end of the day. The policymaker explained that Japan is currently keeping tabs on other countries, ensuring that it doesn’t get left behind. 

“We’d like to keep tabs on what other central banks are doing and learn from them, not just from China but from other countries,” he pointed out. 

This is a significant departure from a statement he made last week. As Reuters reported, Okamura expressed concern over China’s progress with its digital yuan and the fact that the country could gain a first-mover advantage over others. 

At a digital seminar backed by the Official Monetary and Financial Institutions Forum, Okamura pointed out that China’s CBDC development is coming at a much quicker pace than anyone envisioned. This speed means that the superpower could eventually overrun the global currency system and set the digital yuan up as the global reserve currency. 

It’s unclear what made the policymaker change his mind. However, he appears to be more confident in other countries’ progress and their ability to get results at a quick pace, too. 

Japan is one of the few countries that have tried to match China’s progress with a state-backed asset. The country initially began its CBDC initiative to match China’s progress, with initial fears that its neighbors could become too powerful. 

Since the country confirmed work on a CBDC this year, it has come an impressively long way. Last week, the Bank of Japan reported to the Bank of International Settlements that it was ready to begin a proof of concept for its digital yen in 2021. 

As the Bank’s document showed, the first of several testing initiatives will begin in 2021. The Bank is reportedly working towards an asset that will operate both online and offline, ensuring that citizens don’t get stranded in the event of a natural disaster. So far, it has yet to give any details concerning how it plans to achieve this. 

Along with the ability to function offline, Okamura has also told Reuters that the Bank might place caps on the asset’s quantity and how much citizens will be allowed to hold. He suggested that such restrictions could be implemented to prevent capital flight from commercial banks. 

Source: insidebitcoins.com

Author: FOLLOW ON


Associated Press To Publish U.S. Federal Election Results on Blockchain 

Associated Press To Publish U.S. Federal Election Results on Blockchain 

Blockchain technology has been a prominent fixture in the United States General Election. While the technology won’t have a role to play in selecting the next Commander-in-Chief, it can at least give real-time updates on the process.

According to an official announcement, the Associated Press (AP) had inked a deal to provide election results directly to an immutable blockchain.

As the report explained, the news source partnered with Everipedia, a blockchain-based encyclopedia, on the initiative. The encyclopedia will display results in real-time, thanks to its underpinning EOS blockchain infrastructure and additional help from blockchain project Chainlink. 

Dwayne Desaulniers, the Director of Data Licensing at the Associated Press, explained to the news source that the initiative ensures their ability to blaze the trail for vote counting and declaring election winners. The company, which has been counting and reporting votes since 1984, explained that blockchain would help ensure greater transparency and trust in the electoral process.

A representative from Everipedia explained that the process would involve AP cryptographically signing its cryptographic keys to the company’s Chainlink-powered data oracle. Using the oracle, they will be able to connect the election results directly to a blockchain.

“This ‘oracle-as-a-service’ platform will be offered to industry-leading organizations to publish data feeds directly on the blockchain,” the representative explained, adding that it can also serve data publishing companies and help them to bolster their processes. 

While this means that blockchain will play a part in the election process anyways, it’s still cold comfort – especially given that it could have played a more prominent role. The United States Postal Service (USPS) filed a patent for a blockchain-based voting system earlier this year, after fears that the Trump administration might cut its funding.

The conflict between the postal service and the government came on the backdrop of mail-in voting, which the White House believes to be fraudulent. Speaking to reporters, the President went as far as hinting that cutting funding to the postal service will help him win the war, as it would show once and for all that the postal service won’t be able to handle universal mail-in voting.

Although many believe that the President was merely trying to improve his re-election chances, the postal service wasn’t ready to take the risk. It filed the patent, explaining that blockchain incorporation will make mail-in voting safer than physical polling stations. 

“This development relates to a voting system that also incorporates the use of cryptographic elements, such as blockchains, as are used with cryptographic currencies, to track and secure the vote by mail system,” the patent filing explained. Sadly, this blockchain-based voting system didn’t fly. The project received skepticism from tech experts, with most pointing out that it doesn’t particularly have long-term value. 

Still, the fact that blockchain even got consideration is an encouraging sign that shows what the technology can possibly achieve in future elections.

Source: insidebitcoins.com

Author: FOLLOW ON


Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities

Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities

Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities

A shariah compliance professional, the present chairman of the Shariah Advisory Council at Malaysia’s central financial institution and a shariah board member at many monetary corporations, says that cryptocurrency is a legit commodity that may be exchanged.

Cryptocurrency adoption and investments stay low in Muslim nations as persons are nonetheless uncertain of its compliance with Islamic regulation. On the SCxSC Fintech Convention 2020 final week, Datuk Dr. Mohd Daud Bakar, an professional in shariah compliance, mentioned that traders want extra time to grasp cryptocurrency from the shariah perspective.

Bakar is at present the chairman of the Shariah Advisory Council on the central financial institution of Malaysia, Securities Fee of Malaysia (SC), and the Labuan Monetary Providers Authorities. He’s additionally a shariah board member at quite a lot of monetary establishments, together with the Accounting and Auditing Organisation for Islamic Monetary Establishments, Morgan Stanley (Dubai), Financial institution of London and Center East (London), Noor Islamic Financial institution (Dubai), Jadwa-Russell Islamic Fund (Saudi Arabia), and Salama Islamic Insurance coverage.

In Malaysia, the SC Shariah Advisory Council has declared that it’s permissible for Muslims to spend money on and commerce cryptocurrencies, together with bitcoin, on government-registered crypto exchanges.

Bakar defined that cryptocurrency shouldn’t be thought to be authorized tender, however it’s a legit commodity that may be exchanged inside the market, so long as it’s not backed by “ribawi gadgets,” like gold and silver, the Malaysian Reserve reported. The publication quoted him as saying:

It’s a medium of alternate, and we can’t cease folks to make use of commodities as medium of alternate. It’s pretty much as good as shopping for an e-ticket or commodities available in the market.

“This new improvement can open up so many fascinating areas in Malaysia, through which crypto may be deemed as funding belongings the place folks should purchase and maintain for buying and selling,” he elaborated.

Bakar added that the Securities Fee of Malaysia has additionally made it potential for corporations to difficulty cash as a technique of elevating capital, topic to sure restrictions via its fatwa decision.

“Shifting ahead, the potential of this forex is nice because it comes with the rising digital financial system of the world,” he famous. “We are able to even develop our personal stablecoin fairly simply with none issue by the federal government and respective jurisdiction … We are able to have the coin backed by sure commodities, ventures or tasks.”

What do you consider cryptocurrency from the shariah perspective? Tell us within the feedback part under.

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any injury or loss brought about or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.

Source: gentlecrypto.com


The Rapid Regulation of Cryptocurrencies

The Rapid Regulation of Cryptocurrencies

As technology continues its hasty integration into every aspect of our lives, regulators across the globe struggle to keep up with the maddening pace of balancing state of the art technology with the use of traditional regulatory schemes. 

The technology sector exists in a constant state of growth and improvement; thus, it is essential for regulators to consistently monitor and apprehend market dynamics in order to tailor traditional infrastructure to best suit the needs of the industry. While the financial sector is no stranger to technological development, utilizing the logic behind inventions dating as far back as 1300 BC with the abacus, the sudden popularity of technology like blockchain and cryptocurrencies has forced financial institutions to quickly face the evolutionary era of financial technology (“FinTech”).

In this article, we will take a look at one of the most prominent technologies to emerge from the FinTech sector, cryptocurrencies, by providing a snapshot of the current state of legislation with regard to cryptocurrencies in both the international arena and in Turkey and exploring the hurdles faced by regulators when developing such legislation.

Blockchain & Distributed Ledger Technology

In order to fully grasp cryptocurrencies, we must first explore the heart of any FinTech transaction: Blockchain. Blockchain is a type of Distributed Ledger Technology (“DLT”), which is a blanket term encompassing all types of technology used to facilitate exchanges of value between users on a given platform, and is essentially a decentralized database system that collects digital information stored in the form of a block. In blockchain, users create blocks of data containing information such as the participants involved and the time and date the transaction took place, which is then recorded across a peer-to-peer network using a cryptographic trust and assurance mechanism.1 This block of data is subsequently connected to other users’ data blocks, thus creating a chain. Each block in the chain is given a unique identifier called a “hash”, which operates like a fingerprint as it is used to differentiate the data stored in that particular block from other blocks in the chain.

Blockchain technology is known for its added security benefits, quick transaction time, cost efficient nature, and decentralized networks. In this article, we will focus on one of the most discussed forms of blockchain: Cryptocurrencies.

Regulation Roadblock

One of the most unique characteristics of cryptocurrencies is that they operate without a central regulatory authority. Traditional banking runs the risk of slow approval processes and high fees for transactions that may take days to complete. Decentralization allows for financial transactions to take place nearly instantaneously with little to no fees, mitigates bank failures and collapses, and offers the benefit of utilizing wallets that store cryptocurrencies offline (cold storage), further safeguarding consumers from data breaches.

However, this does not mean that cryptocurrencies should go unregulated. Due to these unique attributes, regulators around the world are trying to figure out how to best apply regulations to cryptocurrencies. In some countries like Switzerland and Malta, legislation has already been implemented which has set the legislative framework for other nations building their own cryptocurrency regulations, like the United States and China whose legislation needs further refining, while for many others, such as Turkey, regulations do not yet exist.

Regulation is important for several reasons. Regulators rightfully have an interest in monitoring the use of cryptocurrencies to minimize risks such as market manipulation, breaches in customer security, and the use of cryptocurrencies in illicit activities, among others. As such, regulators are working to determine the best method that strikes a balance between reducing the risks associated with utilizing cryptocurrencies without minimizing the benefits of the mechanism.

How to Regulate

Currency, Security, Commodity, or Something New?

When it comes to deciphering the appropriate regulations for this unprecedented phenomenon, many regulators look to preexisting categories of assets to shed light on the appropriate oversight by asking the question: Should cryptocurrencies be classified as a currency, security, or commodity? The answer will considerably influence how regulatory agencies in different jurisdictions oversee cryptocurrency activities.

Given that cryptocurrencies are often used in place of traditional currency as an exchange for goods or services, there is an argument to be made that cryptocurrencies should be classified as a currency and would therefore be regulated by a state’s central bank, but some authorities have found that cryptocurrencies fail to fit the legal definition of a currency.2 For example, in 2015, the European Central Bank published a report titled “Virtual Currency Schemes” which argues that cryptocurrencies cannot be classified as currencies because they are merely a digital representation of value and are not issued by a central bank credit institution or e-money institution.3 However, a decision rendered by the European Court of Justice dated 22 October 2015 stated that for tax purposes, virtual currencies (including cryptocurrencies) should be treated as currencies.4 It is clear that experts are still at odds with one another over whether a cryptocurrency may qualify as a currency in certain circumstances, but where do they lie in terms of viewing cryptocurrencies as securities?

Securities are essentially tangible proof of ownership or debt that has been assigned a value and may be sold, including shares and debt instruments. In the US, the Chairman of the Securities Exchange Commission (“SEC”) stated in an interview with CNBC that cryptocurrencies do not qualify as securities because they do not represent ownership in an entity. 5 Furthermore, he stated that securities are funded by public investors with a promise of a future reward (i.e., ownership in a company for economic gain), whereas Bitcoin was funded through research funding and donations.6 Should other regulators adhere to this interpretation, there is one final traditional regulatory scheme left to consider — commodities.

Commodities can be defined as raw materials sourced from the earth such as gold, silver, oil, natural gas, copper, as well as agricultural products such as corn, coffee, and sugar that can be used and exchanged. Regulators strictly following this conventional definition may have a hard time incorporating cryptocurrencies under the same umbrella as agricultural products and natural resources, particularly since cryptocurrencies merely hold exchange value and are not considered valuable for the underlying product itself. In the United States, the Commodity Futures Trading Commission (“CFTC”) stated in a press release on 8 October 2018 that cryptocurrencies are in fact commodities in certain instances, and some exchanges, such as the Chicago Mercantile Exchange (“CME”), have already begun offering Bitcoin futures.7 In China, courts have already declared that cryptocurrencies are in fact commodities, indicating that there may be a strong case for cryptocurrencies to be housed under commodities regulations.8

In light of the trends we’ve seen from regulators around the world, the EU has announced that an outline for the framework for the regulation of cryptocurrencies is planned to be published later in 2020 which may either wedge cryptocurrencies into the an existing subset or create an entirely new set of rules.9 As there appears to be no perfect fit for cryptocurrencies under these existing regulatory schemes, some leading countries in the crypto space such as Malta and Switzerland have already taken on a new way of looking at cryptocurrencies.

Maltese and Swiss Regulations

Malta was the first EU Member State to enact a comprehensive legal framework regulating DLTs, Virtual Financial Assets (“VFAs”), and entities providing certain services related to VFAs.10 In 2018, the Maltese parliament issued three Acts that were the first of their kind: the Malta Digital Innovation Authority Act, the Innovative Technology Arrangements and Services Act, and the Virtual Financial Assets Act (“VFA Act”).11 Together, this triad of legislation provides a model framework for the industry regarding DLT software, the offering and issuing of VFAs, and the provision of certain services connected to VFAs. The VFA Act qualifies all forms of cryptocurrencies as DLT assets and defines such as assets that are “intrinsically dependent on, or utilizes, Distributed Ledger Technology.”12 DLT assets can either be:

Virtual Tokens, also known as utility tokens;

Virtual Financial Assets;

Electronic Money; or

Financial Instruments.13

The VFA Act also outlines the Maltese Financial Instruments Test, which is used to determine under which category a DLT asset falls and must be performed by all companies issuing DLT assets in or from Malta as well as persons conducting activities that fall within the scope of the VFA Act or other DLT related legislation.14

In Switzerland, in its explanatory report on the DLT Draft Law, the Swiss Federal Council stated that the current best approach is to rely on categories of tokens, which were introduced by the Swiss Financial Market Supervisory Authority (“FINMA”) in its Guidelines issued on 16 February 2018.

The categories of tokens include: 1) Payment tokens, 2) Utility Tokens, and 3) Asset tokens.15 Payment tokens, which FINMA has stated are synonymous with “pure cryptocurrencies”, involve cryptocurrencies that are intended to be used as a means of payment to acquire goods or services.16 When compared to traditional financial instruments, these most closely correspond with currencies. Utility tokens on the other hand include tokens that are intended to provide digital access to an application or service by means of a blockchain-based infrastructure. Finally, asset tokens, also referred to as stable coins, represent assets such as debt or equity claims against the issuer and are analogous to equities, bonds, or derivatives. FINMA also stated that tokens enabling physical assets to be traded on a blockchain-infrastructure also fall within this category.17

The United Kingdom and Germany are among the other countries who have also implemented legislation categorizing cryptocurrencies under different groups of tokens. We continue to monitor whether this modern take on banking techniques will catch wind in other European countries, including Turkey.

Turkey’s Efforts to Keep Up with Global Trends

As of the date of this article, no legislation or regulations explicitly permitting, prohibiting, or classifying cryptocurrencies exists in Turkey. Various official institutions have made statements and issued press releases to shed light on the Turkish government’s approach to cryptocurrencies and to provide insight on potential future approaches.

The Banking Regulation and Supervision Agency of Turkey (“BRSA”) confirmed in a press release dated 25 November 201318 that Bitcoin and other cryptocurrencies are not considered “currencies” or “virtual currencies” within the framework of Law No. 6493 on Payment and Securities Reconciliation Systems, Payment Services, and Electronic Money Institutions19 as they are not issued by an authorized institution.

The press release itself was of a cautionary nature, reminding cryptocurrency users of the potential dangers associated with using alternative payment methods that are not subject to the authority of the BRSA.

In a letter addressed to the Turkish Capital Markets Association, the Capital Markets Board of Turkey (“CMB”) made it clear that the performance of spot and derivatives transactions made based on

cryptocurrencies are not explicitly allowed under the Turkish Capital Markets Law20 and are therefore prohibited.21 The CMB also stated that cryptocurrencies cannot be classified as securities as they are not tangible property.

With regard to the abovementioned statements from the BRSA and the CMB, it can be inferred that the current inclination of Turkish officials is to classify cryptocurrencies as commodities.

However, VAT is applicable to cryptocurrency purchases in Turkey. We assume that Turkish authorities may also need to decide on and determine the tax regime applicable to cryptocurrencies. Until then, the official treatment of cryptocurrencies remains unclear.

Consolidating the Patchwork Legislation

In line with the seemingly global trend, regulations covering blockchain and cryptocurrencies in Turkey are very sparse. We believe that the governmental institutions are closely monitoring Turkish users’ attraction to the rapid development of these new technologies and currencies.

The Financial Stability Committee, in its meeting dated 10 January 2018, resolved to form a working group to draft a regulation on cryptocurrencies.22 At the beginning of January 2020, news agencies reported that the CMB has commenced work on a new regulation for cryptocurrencies.23

As the use of cryptocurrencies in place of traditional banking and financing mechanisms is spreading far and wide, regulators may soon consider shedding further light on these ubiquitous ambiguities and issuing legislation that best suits the unique aspects of the sector in order to safeguard consumers and financial institutions alike.

Source: otcpm24.com

Author: News Bureau


Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities • PaulCrypto.com


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