https://faail.com/moeda-dos-emirados-arabes-unidos-conheca-o-dirham/?fsp_sid=33043
Why did Sonic Labs ditch their USD algorithmic stablecoin for the UAE digital dirham?
They might have two very good reasons – one regulatory, one strategic. We explain the full picture here: https://auriccrypto.com/altcoins/sonic-labs-drop-usd-stablecoin-plan-for-uae-dirham-bet-heres-why/
"Bitcoin is #HARAM." - #UmarVadillo
He questioned the need for #crypto if #dinar & #dirham/ #gold & #silver #coins, deposited somewhere, can be exchanged in a #blockchain, with the crypto only representing the #physical #assets. The problem with that that #Bitcoin tries to solve is that physical assets can be legally #confiscated & the physical transfer can be halted. Bitcoin avoids that by being purely #digital, #decentralized, #pseudonymous and #permissionless.