The Sharia-certified crypto exchange “Rain” from Bahrain has now listed Ripple XRP. So far, the exchange had offered only Bitcoin, Ethereum and Litecoin.
The February Rain Bitcoin has emerged from the Regulatory Sandbox of the Central Bank of Bahrain (CBB). This is what the “Saudi Gazette” reported:
“In order to improve its legitimacy and win customer trust, Rain has announced that it has been successfully certified for compliance with Sharia law. This certification was carried out by the Shariyah Review Bureau (SRB). SRB has a license from the Bahraini Central Bank as a sharia consulting firm and is authorized to issue Sharia certificates of conformity. “
Next it said:
“SRB has reviewed Rain's brokerage service and found that Rain's sale, purchase and safekeeping are in line with Shariah principles.”
Rain is still in the process of certifying Ripple XRP
The crypto market also said that they are still trying to obtain full Sharia certification for Ripple XRP. This was stated on Medium:
“Our Sharia conformity certification is based on BTC [Bitcoin], ETH [Ethereum] and LTC [Litecoin]. We're currently researching for [Ripple] XRP. “
Ripple XRP is available on the crypto exchange as a pair with the Bahrain Dinar, the Saudi Riyal and the Kuwait Dinar. Also listed as a pair with the UAE Dirham, the Omani Rial and the US Dollar.
It turns out that the Middle East as a region is increasingly opening up to cryptocurrencies. Dilip Rao, the global leader of Ripple's infrastructure innovation department, also sees it that way. He said the region is the fastest-growing marketplace for Ripple Labs, thanks to multiple partnerships. These partners include a bank in Bahrain, three in Saudi Arabia, two in Kuwait, one in Oman and several other banks in the United Arab Emirates.
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/scharia-bitcoin-boerse-notiert-ripple-xrp-alspaar-mit-sechs-fiatwaehrungen-der-ripple-effekt/
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