As new digital payment means facilitating transactions, cryptocurrencies can help develop Islamic finance, experts told a webinar.
Resulting from a collaboration between Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi) and the Islamic Corporation for the Development of the Private Sector (ICD), the discussion titled "Cryptocurrencies – A Double-edged Sword: Challenges and Opportunities for Islamic Finance", gathered industry experts to discuss the untapped potential of the new kind of money .
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