Syria's transitional government is exploring the idea of legalizing Bitcoin and digitizing the Syrian pound as a means to stabilize the country's economy. The Syrian Center for Economic Research (SCER) has proposed a plan that highlights the potential benefits of cryptocurrency adoption in rebuilding the nation post the Assad regime's collapse. The plan suggests legalizing Bitcoin for various financial activities, including trading and mining, and digitizing the Syrian pound through blockchain technology. By backing the currency with assets like gold, US dollars, and Bitcoin, the SCER aims to stabilize the economy. While the proposal could attract international investments and simplify remittances, challenges such as regulatory issues and geopolitical complexities need to be addressed for successful implementation. Despite potential obstacles, the plan offers hope for Syria's economic recovery and financial stability in the long run. Read more AI-generated news on: https://app.chaingpt.org/news

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