As we mentioned in our article about the first Arabic cryptocurrency, Dubaicoin, the muslim world states perceive cryptocurrency very cautiously, since all of the activities that they engage in must comply with the Sharia law. That is why all crypto novelties appear in such countries with a slight delay. For example, the company Adab Solutions is planning to launch the first ever Arabic crypto exchange.
The First Islamic Crypto Exchange (FICE) will conduct its token sale this September, after that it will start listing other digital coins and provide exchange services. The Sharia Advisory Board fully approved the project which means that the Islamic countries will soon enter the cryptocurrency market.
We would like to remind you that Stellar’s blockchain became the first one to comply with the Sharia law.
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