The Syrian Revolution is Moving Towards Adopting Bitcoin $BTC
The Syrian Center for Economic Research (SCER) is considering using Bitcoin and digital currencies as a solution to save the Syrian economy, which has suffered a major collapse due to war and mismanagement. The plan proposes legalizing Bitcoin for trading and mining, digitizing the Syrian pound using blockchain technology, and supporting it with assets such as gold and the dollar.
Key Points:
1. Benefits of digital currencies:
Bypassing international sanctions.
Attracting investments and facilitating money transfers.
Providing privacy and security for assets.
2. Challenges:
Possibility of illegal use by banned groups
The need for huge investments in infrastructure.
Risks of international scrutiny and increasing isolation.
The plan relies on the supervision of the central bank to ensure regulation of use and avoid monopoly, while drawing inspiration from the experiences of countries such as El Salvador, Russia, and Iran. If successful, digital currencies could bring about a major transformation in the Syrian economy.
