Stellar receives certification to operate in Islamic financial institutions | CryptoNews



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Similarly, the Stellar team asserted that over the next few months, it will meet with "global financial institutions" to urge them to use their blockchain, now with this approval, in their products aimed at these regions. [19659002] It is important to point out that, in speaking of Islamic financial institutions, it generally refers to financial organizations that respect Islamic law or Sharia law, which prohibits usury and follows principles such as sharing profits and risks.

Lumens ranks sixth in the cryptocurrency market by market capitalization according to CoinMarketCap. Its price has benefited from a rise of 11% last Friday, following the announcement of a possible inclusion in the exchange house Coinbase, and this Wednesday shows an increase of 20.64 % in the last 24 hours, bringing its price to $ 0, 29 and its market capitalization to $ 5.4 billion.

It is worth mentioning that, previously, other tokens and companies received Shariah approval . Among them is the company HelloGold and its GOLDX token, as well as the Canadian Goldmoney.

Featured image for Elnur / stock.adobe.com

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