Sharia and Cryptocurrency "Peace Agreement"

Once upon a time, cryptocurrencies and Sharia were like oil and water, incompatible with each other. The distributed nature and mysterious underground applications made them a bit "self-contained". However, now the United Nations assessment shows that the Islamic State is seeking to reconcile with cryptocurrencies and make these digital assets more in line with Sharia standards.

Rule upgrade: New stricter rules and monitoring will ensure that funds are not used for illegal activities or terrorism. Market impact: If more terrorist organizations try to "make trouble" with cryptocurrencies, the need for regulation of the crypto ecosystem may increase. Compliance challenges: Exchanges, wallet providers and crypto services may need to upgrade their "know your customer" (KYC) and anti-money laundering (AML) policies, increasing compliance costs and also causing some "hindering" for legitimate users. #美联储何时降息？ #美国政府转移BTC #bnx #OKB #COS $IRIS $FOR $KMD