Sidra Bank - Mine free Sidra coin daily on phone

Sidra coin is a new Islamic-compliant cryptocurrency for everybody including none Muslims that you can " mine " from your phone, computer, etc. Sidra Bank the Islamic digital bank is in a vision to create the world's largest decentralized Islamic DeFi and its Islamic Blockchain community is created by a team of HEC-Paris graduates with the mission of proposing a cryptocurrency model operational based on standard Islamic financing principles. The complete operation of the model shall be supported by a financing structure in an Islamic-compliant manner.  The acceptable instruments of Islamic Sharia along with divine principles such as co-partnership, joint venture, deposit, reward, an agency with a commission, trust, donation, compulsory tax, and service charge are supposed to facilitate this model's functionality and operation. Nevertheless, it may specially function through an interchange platform grounded on a hybrid system of Islamic Sharia backed by th

BITCOIN REGULATION




US BANK REGULATION OPENS DOOR OF NATIONAL LICENSE FOR BITCOIN FIRMS

The acting comptroller of the currency for the 
U.S. Treasury Department has said he is open to the idea that a new breed of banks might one day conduct business in bitcoin and other cryptocurrencies.



Speaking at an event hosted by the Federal Reserve Bank of Philadelphia Thursday, Keith Noreika, the newly named director of the agency tasked with supervising all national banks, went so far as to state publicly that he foresees a future in which bitcoin companies might be granted "fintech charters" - proposed licenses designed to simplify the way startups do businesses across state borders.

Currently, bitcoin companies and traditional money transmitters need to comply with a complicated network of regulatory regimes in all 50 U.S. states, a pain point that industry advocates have argued severely limits startup growth by increasing the cost of market entrance. But despite being open to crypto businesses applying for charters, Noreika went on to strike a cautious note on their chances of being approved.

He told attendees:
"I wouldn't be adverse to those people coming in and talking to the [Office of the Comptroller of the Currency] about how a charter could make sense for them. But that is a long process they'd have to go through, and just because you get in the door doesn't mean you're going to get out the door on the other side".


Spread the news

Comments