The Malaysian company HelloGold received certification for the creation of the GOLDX cryptocurrency, which complies with the norms and laws of the Sharia, according to Reuters.
Unlike other cryptocurrencies, GOLDX includes the token release, supported by gold, stored in a depository in Singapore. The company notes that operations with halal cryptocurrency will comply with all rules of Islamic financial contracts, such as definiteness, transparency and speed of transactions.
GOLDX will be the first cryptocurrency developed for the Islamic world and approved by representatives of Sharia law, and therefore, as the developers hope, it will be in demand in Asian, African and Middle Eastern countries, where the sharia is an important component of the legal and financial system.
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