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Syria Proposes Legalizing Bitcoin for Economic Recovery

Syria’s transitional government is considering legalizing Bitcoin to rebuild its economy, stabilize its currency, and attract global investors after the collapse of the Assad regime.

The proposal includes digitizing the Syrian pound on blockchain technology, legalizing Bitcoin trading and mining, and allowing entrepreneurs to use energy resources for cryptocurrency operations.

Challenges include international sanctions, gaps in technical infrastructure, and debt left behind by the Assad regime, but Bitcoin could help Syria bypass traditional financial systems.