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

Is Nigeria Now Ready To Adopt Digital Currencies?




Nigeria now ready to adopt digital currencies

  • Nigeria's Securities and Exchange Commission (SEC) has set up a committee to work on the framework for blockchain and virtual financial assets for the Nigerian capital market.
  • Digital services and financial technology have been identified as key elements of the march towards financial inclusion and Nigerian authorities seem to be leaning towards leveraging its burgeoning fintech space for the achievement of that purpose.
  • Nigeria is finally warming up to the idea of embracing the advantages of blockchain and virtual financial assets. and it may soon be joining some other African countries that have drawn up regulations for the new wave of digital assets like South Africa, Swaziland, and Egypt.
You will recall that the Central Bank of Nigeria (CBN) has warned Nigerians citizens that Bitcoin and altcoin in general, are not legal tenders with naira as the sole legal tender, but the rate in which Bitcoin users keeps growing rapidly especially from 2018 in the country is alarming due to warning ignored by the citizens.

Recently, according to the Binance Research a few months ago, Nigeria was placed highest on Google Search Heat Ranking for Bitcoin as of 19 September 2019. making Malta-based Binance recently announced the launch of a fiat-to-crypto gateway for Nigeria's Naira.
A report by startup news site Wee Tracker revealed that Nigeria's Securities and Exchange Commission (SEC) has set up a committee that will work on a regulatory framework for blockchain technology and cryptocurrencies. known as the FinTech Roadmap Working Group, the committee is expected to look into such issues as investor protection, how to ensure financial stability in the new economy and maintaining financial market integrity.

The FinTech Roadmap Working Group will be headed by seasoned financial expert, Ade Bajomo, who would also shoulder the responsibility of making sure the resolutions brought forward by the committee are in line with global best practices.

Digital services and financial technology have been identified as key elements of the march towards financial inclusion and Nigerian authorities seem to be leaning towards leveraging its burgeoning fintech space for the achievement of that purpose. Reported.

This came up a few weeks after President Muhammadu Buhari called for the full implementation of a well-coordinated digital economy policy, during the e-Nigeria conference, exhibition, and awards for 12 edition of 2019.

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