islamic finacial system
iSunOne-MPC Partnership to Develop First-Ever Islamic Financial Blockchain System in Malaysia
A collaboration between MPC and iSunOne is set to revolutionize the Islamic financial structure with blockchain technology.
Islamic Development Bank to Create Blockchain Smart Credit Platform with Samsung's Blocko
The Islamic Research and Training Institute partnered with Samsung backed Blocko to develop a functional Credit Management System for Saudi Arabia.
Algorand Blockchain Network Now Certified for Sharia Compliant Financing
The Algorand Foundation announced that its blockchain network has now been certified as Sharia compliant for the inclusion of Islamic financial markets.
US Government Seize Bitcoin Terrorism Funding for Islamic State and Al-Qaeda
The US Justice Department has revealed that it has seized cryptocurrency worth millions of dollars intended to fund the activities of terror groups like the military arm of Hamas, the Islamic State, and Al-Qaeda. This breakthrough is the largest clampdown on online terrorist fundraising,
Malaysia’s Securities Commission Legalizes Digital Asset and Crypto Trading
Malaysia’s Securities Commission, which is responsible for overseeing compliance with Islamic laws in finance, has allowed trading of digital assets.
Australian Securities Exchange Postpones Migration to Blockchain Settlement System Due to Coronavirus Concerns
The Australian Securities Exchange has further postponed the replacement of its current CHESS system with a new blockchain-based settlement system due to coronavirus concerns.
Microsoft Patents Cutting Edge Human-Powered Crypto Mining System
Microsoft has filed for a patent for a cryptocurrency mining system that will leverage the data collected from people as they interact with advertising or exercise.
Indian Engineering Students Develop Blockchain-based Smart Voting System
Three Computer Engineering Students have created a Blockchain-based Voting System which will allows casting of votes online, instead of the manual means of standing in a poll.
Iranian General Pushes for Crypto Use to Evade US Sanctions and After Being Blacklisted by the FATF
Saeed Muhammad, a commander of the Islamic Revolutionary Guard Corps’ “Army of Guardians of the Islamic Revolution,” called for Iran to use cryptocurrencies to bypass sanctions imposed on his country by the United States.
MasterCard Asia Files Device Billing System Patent Compatible With Iota’s Tangle Network
MasterCard patents blockchain system to help shared device merchants avoid credit card fees.
China Updates Smart City Infrastructure with Blockchain-Based City Identification System
China Updates Smart City Infrastructure with Blockchain-Based City Identification System
Democrats Request Trump Administration Briefing on Enormous Seizure of Cryptocurrency Terrorism Funding
House Democrats have asked the Trump Administration for a debriefing on the enormous Bitcoin and crypto seizure intended for Hamas, al-Qaeda, and Islamic State terrorists.