Adab Solutions to Launch First Sharia-approved crypto trading platform
The project will soon launch the ICO with the ADAB token.
The young and progressing company Adab Solutions has launched the first Islamic cryptocurrency trading platform, which will be working according to Sharia laws. Developers are convinced that their project is capable of changing the perception of cryptocurrency market for the entire Islamic world.
According to the information, the Sharia advisory board has introduced specific regulations that the platform must follow. The projects marked as ‘haraam’ (interdiction) will not be disseminated or advertised on the platform. In other words, tokens will not be issued for companies involved in gambling, feneration, unethical services, production of alcoholic beverages and tobacco products, and financial pyramids.
“FICE will create a global infrastructure, which will work abiding by the Islamic finances and societies that regulate the development of Islamic cryptoeconomy,” according to the official blog of the company.
The developers assure that the new platform will allow only the halal-approved transactions with crypto and also provide the Muslim society with a passage to the market. To note, Muslims comprise 22% of the world’s population and control Islamic financial assets worth around $3.8 trillion.
It is also reported that the project will soon launch the ICO with the ADAB token. The new cryptocurrency will become a ‘key’ to allow users accessing various functions of the platform. Moreover, any fees on the platform will be paid with ADAB.
To remind, the first Sharia-approved cryptocurrency was announced earlier this year, at the end of February.
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