THELOGICALINDIAN - Iranian President Hassan Rouhani has appropriate a unified Muslim crypto asset in talks with the Malaysian Prime Minister and Turkish President during the Kuala Lumpur Summit 2024
Rouhani said that the move would strengthen cooperation amidst Muslim nations and enhance attrition to banking shocks and abetment by the US.
Unified Muslim Crypto Well-Received
Malaysian Prime Minister, Mahathir Mohamad, who organised the summit, was reportedly actual acceptant to the One Single Muslim Crypto idea, saying:
Mahatir’s alacrity is conceivably unsurprising, accustomed that he has ahead championed the addition of an Islamic Dinar for barter amid Muslim nations, to abate annex on the US dollar.
Blockchain Technology: The Great Enabler
Hassan explained that blockchain technology could now make this dream a reality:
Of course, there is additionally the not absolutely bush actuality of US sanctions to consider. Iran has faced renewed US sanctions afterward President Trump’s unilateral abandonment from the Joint Comprehensive Plan of Action. Turkey additionally had sanctions adjoin it accustomed by Senate aftermost week, afterward its accomplishments adjoin Kurdish armament in Syrian bound regions.
Turkey already announced affairs for its own Central Bank-issued Digital Currency aftermost month, and crypto has been advised to evade sanctions by several countries.
If these affairs for a unified Islamic crypto go advanced again US sanctions (and the US dollar hegemony) will abide to lose added of their power.
Do you anticipate that a unified Muslim crypto will end US sanctions on the Islamic nations? Let us apperceive your thoughts in the comments below.
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