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London Mosque Accepting Cryptocurrency For Ramadan Donations

May 29, 2018 (BE2C2) — A mosque in East London is hoping to double the amount of charity donations made during Ramadan month by becoming the first in Britain to accept bitcoin payments. The mosque Imam tells Reuters it needs funds to help the poor and accepting bitcoin payments helps it expand its donor base. “It’s like any other currency,” says Imam Abdallah. Islamic scholars differ on whether digital currencies are permissible in Islam because Sharia principles ban monetary speculation. The Ramadan Mosque’s website is accepting digital donations via BitcoinRead More

Cryptocurrency ‘PakCoin’ Up By 60Pct Despite State Bank Ban

PakCoin founder ‘Abu Shaheer’ believes the move worked in the currency’s favor by exposing its name, so “more people got interested in it” May 11, 2018 — Just a month ago the State Bank of Pakistan banned cryptocurrencies, yet the value of Pakistan’s first and only cryptocurrency, PakCoin, has jumped by over 60% since then. In a notice posted on its website on April 6, the central bank said: “All banks, development financial institutions, microfinance banks and payment system operators, payment service providers are advised to refrain from processing, using,Read More