Swiss Crypto Company Obtains Islamic Finance Certification, Eyes Middle East Expansion10.81

A Swiss based fintech firm has obtained certification from Islamic scholars for its own digital currency which it plans to launch in the Middle East along with business expansion in the region.

According to Reuters, X8 AG is among several companies expanding into Sharia-compliant finance in order to tap into the rapidly growing crypto and blockchain industries in the Middle East. As a result, Islamic scholars have been prompted to assess crypto-currencies and blockchain startups for their validity on religious grounds.

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