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[aryan4]

Bahrain-based cryptocurrency exchange CoinMENA is preparing to launch in many countries, including the United Arab Emirates and Saudi Arabia. Receiving "crypto money services license" from the Central Bank of Bahrain, the exchange announced its license on January 24.
What do you think about this initiative?

 

[aryan4]

I wonder what kind of applications will be in this exchange. How will it comply with Sharia rules? It was very interesting to me.

 

[Josemendez]

Bahrain-based cryptocurrency exchange CoinMENA is preparing to launch in many countries, including the United Arab Emirates and Saudi Arabia. Receiving "crypto money services license" from the Central Bank of Bahrain, the exchange announced its license on January 24.
What do you think about this initiative?

Another good news to cryptocurrency world , especially to Saudia Arabia . This will give cryptocurrency lovers an opportunity to fully use crypto

 

[Niftyicon]

I also wonder what the operations of such an exchange platform would be like that would make it compliant to the Sharia laws and regulations.

 

[aryan4]

Another good news to cryptocurrency world , especially to Saudia Arabia . This will give cryptocurrency lovers an opportunity to fully use crypto

I absolutely agree with what you have said. It's true that a lot of people will meet this. But I just wonder what would fit sharia in these markets.

 

[Josemendez]

I absolutely agree with what you have said. It's true that a lot of people will meet this. But I just wonder what would fit sharia in these markets.

Well we can never say until the business starts to exist. The fact is that citizens will be motivated by this great movements. Cryptocurrency will soon be part of the world.

 

[aryan4]

Well we can never say until the business starts to exist. The fact is that citizens will be motivated by this great movements. Cryptocurrency will soon be part of the world.

Somehow, it will certainly contribute to the participation of people. Whatever the rules, it seems like it will be a useful venture in some way.

 

[achawaskey]

Just like what we use to have in the normal convention bank. They are trying to replicate it on crypto world. This is good, it will bring more players into the system.

 

[Josemendez]

Somehow, it will certainly contribute to the participation of people. Whatever the rules, it seems like it will be a useful venture in some way.

Definitely and everybody will be happy in the end. Cryptocurrency Adoption will go a long well in helping the citizens.

 

[Wisdom01]

Well its a nice initiative and i guess it would actually help those who want to do trading and also help create more awareness regarding crypto currency

 

[highspeed]

From my point of view, it is a good initiative. This is what I say, though I live in Italy, and probably this does not concern me.

 

[aryan4]

Well its a nice initiative and i guess it would actually help those who want to do trading and also help create more awareness regarding crypto currency

I am among those who think that this initiative will be positive for both societies and markets. I think it will be explained in details recently.

 

[Wisdom01]

I am among those who think that this initiative will be positive for both societies and markets. I think it will be explained in details recently.

True it would really help i just hope the government could also help most small legit exchange sites by giving them license too i think would be beneficial

 

[Brain]

Well we can never say until the business starts to exist. The fact is that citizens will be motivated by this great movements. Cryptocurrency will soon be part of the world.

Crypto currency is already part of the world and I know very soon more people would come to the realization of that. But the compliant with sharia isn't a bad idea

 

[Josemendez]

Crypto currency is already part of the world and I know very soon more people would come to the realization of that. But the compliant with sharia isn't a bad idea

Sure ,it isn't . We hope that move improvements like this will be observed in the world of cryptocurrency, especially in countries

 

[Wisdom01]

QUOTE="Brain, post: 840454, member: 23315"]
Crypto currency is already part of the world and I know very soon more people would come to the realization of that. But the compliant with sharia isn't a bad idea
[/QUOTE]
Yeah its it really helpful at least those crypto exchanges should be regulated at least to prevent fraud ,at least laws should be made for it i think

 

[oussama18]

This is great news, I hope that all Arab countries will go the same way, because digital currencies have become very important in recent times and many transactions have become them so I think that many countries will enter the line

 

[aryan4]

True it would really help i just hope the government could also help most small legit exchange sites by giving them license too i think would be beneficial

I think those who will make this attempt have definitely checked the legal situation. After getting legal approval, I think many more people will be able to meet bitcon.

 

[Wisdom01]

I think those who will make this attempt have definitely checked the legal situation. After getting legal approval, I think many more people will be able to meet bitcon.

Yeah buy they should put up convenient measures that those small exchange sites can still meet to get approval i think , the start their service

 

[aryan4]

This is great news, I hope that all Arab countries will go the same way, because digital currencies have become very important in recent times and many transactions have become them so I think that many countries will enter the line

I think such initiatives will probably continue over time... In the future, I think it will be perceived positively for Arab countries to be in these markets.