Cryptocurrency Archives

3 min

First ‘Sharia adhering’ currency to be introduced next month

The Islamic Coin, which is currently in private sales mode, uses the Haqq Blockchain, designed to comply strictly with Islamic principles and traditions regarding finance The world’s first Sharia-compliant cryptocurrency…

3 min

Watchdog urges Qatar to do more to combat new technology-related money laundering

An international watchdog has urged authorities in Qatar to do more to combat new technology-related money laundering. Concerns have been raised by a financial watchdog regarding alleged insufficient efforts made…

2 min

Regulating crypto won’t be unified by one system, says Blockchain CEO

Bitcoin and other cryptocurrencies are still completely banned in Qatar. A global system to regulate cryptocurrency is unlikely to exist, Peter Smith, co-founder and CEO of Blockchain.info said at the…

3 min

US blockchain firm Algorand is latest World Cup 2022 sponsor

The blockchain company is the first new American FIFA sponsor in 11 years. Algorand, a green blockchain tech company, has signed a sponsorship deal with FIFA, to sponsor the 2022…

3 min

Update: Qatar Central Bank warns against unlicensed entities after CoinMENA launch in Qatar

CoinMENA is a Sharia-compliant exchange, certified by the Bahrain-based Shariyah Review Bureau. Qatar Central Bank (QCB) released a statement warning against dealing with any unlicensed financial institution or service provider,…

3 min

Islamic scholar dismisses digital currencies as forbidden

Cryptocurrency is becoming an increasingly popular medium of exchange. However some argue it isn’t in compliance with Sharia law. Secretary-General of the International Union of Muslim Scholars Dr Ali Al-Qaradaghi,…

4 min

NFTs: Why are memes selling for millions online?

Confused about NFTs? Wondering why people would buy memes for millions of dollars when they’re so readily available online for free? Here’s the low-down. In early February, the creator of…

Cryptocurrency