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Rain Sharia compliant exchange has just added XRP to its platform. The digital badet is one of many crypto-currencies approved by the exchange based in Bahrain, join Bitcoin, Ethereum and Litecoin.
Rain graduated from the Central Bank of Bahrain (CBB) regulatory sandbox in February, as reported by the Saudi Gazette.
"To give more legitimacy and gain the trust of its customers, Rain also announced having pbaded a sharia compliance certification. Sharia compliance certification has been completed by the Shariyah Review Bureau (SRB). SRB is licensed by the Central Bank of Bahrain as a Shariah law firm licensed to issue Sharia compliance certifications.
SRB reviewed Rain's brokerage service and determined that Rain's sales, purchasing and retention activities were in accordance with Shariah principles. "
The exchange indicates that he is still obtaining a complete sharia certification for the XRP.
"Our Sharia compliance certification is based on BTC, ETH and LTC. We are currently getting an opinion on XRP. "
The XRP is badociated with the Bahraini Dinar, Saudi Riyal, Kuwaiti Dinar, United Arab Emirates Dirham, Omani Rial and US Dollar.
The Middle East has become more and more a crypto-friendly region.
According to Dilip Rao, Global Head of Infrastructure, Ripple is the fastest growing market with several partnerships, including one in Bahrain, three in Saudi Arabia, two in Kuwait, one in Oman and a few in the UAE. United.
Image modified via B.alotaby / Wikimedia
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Disclaimer: Daily Hodl's advice is not investment advice. Investors should exercise due diligence before making high-risk investments in Bitcoin, Cryptocurrency or digital badets. Please note that your transfers and transactions are at your own risk and that any loss you may incur is your responsibility. The Daily Hodl does not recommend buying or selling crypto-currencies or digital badets, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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