Imagine a country where Bitcoin is woven into the very fabric of its financial system. Sounds like a futuristic dream, right? Well, the Syrian Center for Economic Research (SCER) is making a bold move to turn that vision into a reality. Recently, Bam, the founder of the popular Arabic crypto channel Bitcoin 21, shared the SCER’s proposal on social media, and it’s been making waves.
The plan is to legitimize Bitcoin in Syria, allowing it to be used for trading, mining, and even backing a digital version of the Syrian pound. But that’s not all – the SCER wants to use blockchain technology to stabilize the national currency and protect citizens from economic uncertainty. Here’s the exciting part: the proposal also highlights the potential for environmentally sustainable Bitcoin mining, using Syria’s untapped energy resources to modernize the economy while keeping things fair.
It’s a win-win! Of course, there are challenges ahead. Syria’s been through a lot, from prolonged conflict to international sanctions, and its technological infrastructure is still limited. Not to mention, crypto adoption in Syria is still in its infancy. But the SCER is determined to push forward, emphasizing that their goal is economic recovery and innovation, not finding ways to bypass international laws.
Some skeptics have raised concerns that this proposal might be a way for Syria to evade sanctions, but the SCER is adamant that’s not the case. As Bam put it, “We believe that sanctions should be lifted urgently through legal and political processes in accordance with international law.”
So, who’s behind this ambitious plan?
The SCER is an independent organization made up of volunteers, including Syrian engineers, academics, and entrepreneurs. They’re passionate about fostering knowledge and dialogue on economics, technology, and monetary policy. It’s too early to say whether this proposal will become a reality, but one thing’s for sure – it’s an exciting time for Syria and the world of crypto.
Reported by Cryptoslate.com
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