Here's what the ISLAMIC COIN project team has to say about the VARA situation in a nutshell.
Update on Islamic Coin's regulatory compliance
Dear Islamic Coin and HAQQ community,
We understand your need for clarity on the VARA situation. Our delay in responding was to ensure a thorough understanding and accurate communication. We urge caution and avoidance of unfounded accusations in the dynamic landscape of Web3 and cryptocurrencies.
The rules are evolving and it is natural for new bodies to refine standards. As leading Tier 1 protocols, Islamic Coin and HAQQ prioritize innovation and regulatory compliance. We respect regulatory research during transitional periods, recognizing that it may lead to disagreement.
Our commitment to community and regulatory transparency is unwavering. We assure you that we are here to stay and more updates are on the way. Thank you for your support.
