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14 August 2020

Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency - Bitcoin News

Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency - Bitcoin News


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Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency.

At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S.

The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim countries.

Malaysian Prime Minister Mahathir Mohamad, Iranian President Hassan Rouhani, and Turkish President Recep Tayyip Erdogan discussed the prospect of creating a unified cryptocurrency for Muslim countries on Thursday.

“It is the first time we hear Iran and also Turkey are of the opinion that if we do not have American dollars, we can use our own currency or one common currency that we (Muslim nations) can create if we agree,” the prime minister was quoted as saying?

The prime minister further said that Malaysia is willing to work with Iran and Turkey in technological fields as it is much more advanced in these areas than other Muslim countries.

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